Escrow and Loan Assumptions

Escrow and Loan Assumptions

Understanding the mechanics of loan assumptions and the role of escrow is crucial for home purchasers when navigating a transaction involving a conventional or VA loan assumption. A loan assumption occurs when a buyer takes over the seller’s existing mortgage...
Using a Title Company to Navigate the Sale of Inherited Property

Using a Title Company to Navigate the Sale of Inherited Property

Title insurance is a critical safeguard when selling inherited property, particularly in probate sales, where unexpected title challenges can arise. When someone passes away, their assets, including real estate, are distributed through a will or probate, a...
Is Your Title Company Proactive in Preventing Fraud?

Is Your Title Company Proactive in Preventing Fraud?

  As a real estate professional, you do your best to educate and protect your clients from fraud and scams. You watch for anything suspicious, such as requests to sell a property below market value, communication only through electronic means, or requests for a...
Seller Wrap Real Estate Transactions

Seller Wrap Real Estate Transactions

A seller wrap real estate transaction, also known as a wraparound mortgage or simply a “wrap,” is a type of creative financing arrangement used in real estate transactions. In a seller wrap transaction, the seller acts as the lender, offering financing to...