Public Interest

Buyers and Sellers Costs: Who Pays

By Fidelity National Title Insurance Company The Seller Generally Pays: Real estate commission Document preparation fee for deed Documentary transfer tax Any city transfer/conveyance tax (according to contract)

Read More

Will My Escrow Officer Review My Loan Documents With Me?

By Sandy Gadow—When you sit down for your closing, whether it is at a title company, an escrow office, an attorney’s office, or any other location, you will be asked to sign a number of documents. Among those documents will be your loan papers, if you are taking out a loan, which the lender submitted…

Read More

Mortgage/Home Loan Abbreviations

By Sharon Hassler—Confused by some of the abbreviations in the information you receive from your loan officer or mortgage broker? Here are many of the common abbreviations used today. If you have any questions about documents from your lender, do not hesitate to ask for clarification.

Read More

Reverse Mortgage Basics

By U.S. Department of Housing and Urban Development (HUD)—The Home Equity Conversion Mortgage or FHA-Insured Reverse Mortgage can be used by senior homeowners age 62 and older to convert the equity in their home into monthly streams of income and/or a line of credit to be repaid when they no longer occupy the home.

Read More

Dressed to Sell: Staging Makes the Difference!

By Sandy Dixon— Within seconds of walking into a house, prospective buyers form an impression and know whether they want to buy the house or not. In some cases they won’t even get out of the car, upon looking at the outside of the house. This initial reaction can make the difference between a swift…

Read More

How Home Appraisal Values Are Determined

By John Moran—I hear the following statement at least five times a day, “My neighbor’s house is listed for X and mine’s bigger, so my house must be worth Y.” Replace X and Y with values that make sense in your neighborhood and you’ve probably heard it too.

Read More

9 Steps of the Loan Process

By Sharon Hassler: 1. Where to Find a Loan Officer We can’t stress enough the importance of finding an experienced, reliable loan officer or mortgage broker. Start with a referral. Ask your family, friends, co-workers, real estate agent, attorney or accountant.

Read More

What’s in A Title Search?

Chicago Title Insurance Company— You’ve decided to purchase a home and hope to take possession as soon as possible. The terms have been agreed upon and all the financial arrangements have been made. But there’s one important detail remaining. Before the transaction can close, a title search must be made.

Read More

Escrow Closing Procedures Around The United States

By Sandy Gadow—This summary is merely a general reference guide. Local practices within your city or county may differ. Contact a local title company or real estate attorney for specific information. This is not intended as legal advice, but merely as a general reference guide.

Read More

8 Reasons to Work With A Realtor

By Sharon Hassler—When you see the term Realtor, it means a member of the National Association of Realtors, a real estate trade association. All Realtors are licensed real estate agents but not all real estate agents are Realtors.

Read More