The Concepts of “Escrow” Explained!

The Concepts of “Escrow” Explained!

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 Key Terms in Title and Escrow

Understanding Key Terms in Title and Escrow

Did you see our social media posts about real estate industry jargon? Here’s a handy glossary – from A to Z- to help you understand some key terms: A – Abstract of Title An Abstract of Title is a detailed document that outlines the history of a...
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...
Facilitating the Payoff of Utilities at Closing

Facilitating the Payoff of Utilities at Closing

A smooth property closing process is the goal for all parties involved and understanding how final utility payments are handled is important. In the State of Washington, unpaid utility charges can become liens on the property, rather than attaching to the owner of the...
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...