News

2004-01-18 04:00:00 PDT Washington-- Across the country this month, millions of homeowners are receiving a document from their mortgage company that they may find confusing or nettlesome -- the ...
Typically you will receive an annual escrow disclosure statement which shows past and future payments and potential or actual escrow shortages or surpluses. Your mortgage payments will include ...
Once you secure a mortgage for your home purchase, mortgage companies typically require you to set up an escrow account before or at closing. While escrow insurance is a commonly used term, it is ...
We just received a notice–“Annual Escrow Disclosure Statement”– stating that this month we have to make a large lump-sum payment, apparently to replenish our tax escrow account…. by Brownstonerlogin.
Q. I received a notice that my escrow balance was short and that I would either have to pay a lump sum or increase my monthly mortgage payments. What happened? A. ‘Tis the season and you’re ...
Since 1985, California law requires home defects to be disclosed by sellers during escrow on a Transfer Disclosure Statement. The three-page form asks sellers to tell all about their home ...
Answer: The purpose of the disclosure statement is twofold. The most obvious is to inform buyers of the condition of the property they are buying. The added benefit, often overlooked, is the ...
The SPQ does not replace the Real Estate Transfer Disclosure Statement (TDS), but is an additional disclosure document that contains more than 50 questions in over a dozen categories.
Question: In a recent column, you talked about a buyer under the standard Arizona Association of Realtors purchase contract canceling the purchase of a Glendale home the day before close of escrow ...