Each petal on the shamrock brings a wish your way - For good health, good luck, and much happiness Today and every day. ~ Author Unknown We are so lucky to have such a loyal following on the American Trust Escrow blog. We thank you for your...
Selling property can be extremely stressful for all parties involved. At American Trust Escrow, we strive to provide helpful information and resources to buyers, sellers, and agents. One such helpful resource we would like to discuss is Real Estate Concierge Services. The Concierge, as a...
New scams are popping up everywhere these days. Emails about winning money, theft of personal information, and insurance scams have unfortunately become present in daily news or conversation. It is important for everyone to be aware of these scamming tactics and to learn how to...
In every purchase/sale of Real Estate, a Preliminary Change of Ownership Report (PCOR) must be filed. The PCOR must be filed for other types of transfers as well, but in this blog we will consider only purchase/sale transactions. After opening escrow, a buyer can expect...
An Impound Account, also known as an Escrow Impound Account, is an account set up and managed by mortgage lenders to pay property taxes and insurance on behalf of the home buyer. These accounts are set up with the lender during escrow to ensure that...
In Today’s tight-lending market, individuals looking to invest have the opportunity to capitalize on some great deals and benefits when making an “all cash offer” on a property. An “all cash offer” is an offer that does not require a third party lender. ...
One of the many important documents received by Escrow from a lender is the Truth in Lending Disclosure Statement (TIL). The TIL disclosure statement is one of the most misunderstood documents required for closing, and Escrow Officers are often faced with many questions from the...
As the close of escrow date draws near, the buyer and seller are usually eager to close. And, loan documents arriving in escrow represent a big step towards the completion of the escrow and the transition of the property to the new owner. ...
When purchasing a home the escrow process can appear to be complex, especially for a first time home buyer. Following is an overview of the escrow process from the buyers perspective: Escrow is officially "open" once the Escrow Holder receives a purchase contract signed by both...
With the increased amount of foreclosures on the market today, escrow officers are often asked about the foreclosure process. The first thing to know is the foreclosure terminology, which we discussed in a prior post. What is important for homebuyers and sellers to understand is...
