What Does U.L.I.D. Stand For?

What Does U.L.I.D. Stand For?

In your real estate career you will come across numerous acronyms, and one that often raises questions is “U.L.I.D.”. What is a U.L.I.D.? U.L.I.D. stands for Utility Local Improvement District. It’s a special assessment, or financing tool, used by local governments to...
Understanding Deeds in Real Estate Transactions

Understanding Deeds in Real Estate Transactions

We often are asked about the different types of deeds commonly used in real estate transactions. In this post we will review three key types of deeds: the Bargain and Sale Deed, the Special Warranty Deed, and the Statutory Warranty Deed (also known as a General...
Stay Safe in Today’s Digital World

Stay Safe in Today’s Digital World

Fraud in real estate is on the rise, and it’s not just the real estate professionals who need to be on high alert—buyers, sellers, and even industry insiders are at risk. With October being National Cyber Security Awareness Month, it’s a timely reminder that...
The Importance of Reviewing Settlement Statements

The Importance of Reviewing Settlement Statements

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....