Closing Made Easy: Entity Documentation
If you hold title or will be taking title as a Corporation, please send the following: Articles of Incorporation By- Laws Resolution to sell or borrow (required to purchase) Certification of Good Standing fro, secretary of State (signatures must have two (2) Corporate Officers: President or Vice-President and Secretary or Treasurer. Less than two signatures will require a Corporate Resolution authorizing a single signature.) If you hold title or will be taking title as a Limi
Understanding Escrow
Escrow is a process that evolved to ensure protection for all parties to a real estate transaction. A “neutral third party” or “stakeholder” was nominated to hold the funds until the purchaser received appropriate assurance that the property had been transferred. Today the escrow is overseen by an escrow officer employed by an independent escrow company or title company. All parties are protected because the escrow holder will retain funds and documents until all the instruct
What are Accessory Dwelling Units (ADUs)?
Accessory Dwelling Units (ADUs) are known by many names: granny flats, in-law units, backyard cottages, secondary units and more. No matter what you call them, ADUs are an innovative, affordable, effective option for adding much-needed housing in California. What are the benefits of ADUs? ADUs are an affordable type of home to construct in California because they do not require paying for land, major new infrastructure, structured parking, or elevators ADUs can provide a sour
What is the Preliminary "Title" Report?
A Preliminary Title Report is an offer to issue a policy of title insurance covering a particular estate or interest in land subject to stated exceptions. Since these expectations may point to potential problems with an intended purchase, it is important for all parties to review the report once received. A Preliminary Report provides a list of the matters which will be shown as exceptions to coverage in a designated policy or policies of title insurance, if issued concurrent
Understanding Closing and Title Costs
It’s the big day. The day you go to the title or escrow company, sign your name on the dotted line, hand over a check and prepare to take ownership of your new home. It’s also the day that you and the seller will pay “closing” or settlement costs, an accumulation of separate charges paid to different entities for the professional services associated with the buying and selling of real property. It’s too often a day filled with uncertainty and stress. To help you better unders
8 Steps to A Succesful Escrow
Ask for your ESCROW REFERENCE NUMBER to use for all future communications. READ the Commitment for Title insurance or Preliminary report. if you do not understand an item, contact your escrow or title officer. COMMUNICATE with your escrow officer, keeping him/her informed of all related issues such as payoffs, releases, loan approvals, etc. INFORM your escrow officer of any changes. Make sure all changes are in writing. remember, with rare exceptions, escrow officers act only
Benefits of the Title Insurance
A title insurance policy from lawyers Title protects your real estate investment, backing up your property's title with the strength and assets of our Corporation. Q: What is title insurance? A: A title insurance policy protects your legal rights over the property, occupancy, use, control, and disposition of the property. Q: Why is it different to transfer title to property than to transfer different kinds of items such as a car? A: The transfer of property can be complicated
