Certain administrative tasks may seem like small details, but they can have significant ramifications if left unattended. One such detail, the reconveyance, plays an essential role in ensuring clear title and avoiding potential headaches down the line. Why do they...
An Escrow Settlement Statement, also known as the TRID form, HUD, or Escrow Closing Statement, is an important document in real estate transactions. This form provides a detailed breakdown of all financial transactions involved in the purchase or sale of a property....
Mason County offers “Fraud Notify,” a free service that alerts Mason County property owners whenever a document is recorded against their property. This service helps protect them from unauthorized or fraudulent activity. Here’s how it works:...
In the real estate industry, the term “escrow” can refer to two distinct concepts with each an important part of the property buying process. If you are involved in buying a home, know the difference between “being in escrow” for a real estate...
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...
Measuring your existing debts against your existing income is one part of a lender’s required assessment of your ability to repay a loan.
Like the video says: debts are existing financial commitments; a car payment is a debt a...
