Title & Escrow
While you probably learned a lot about Title and Escrow in your pre-license courses, when selling homes there are two things I advise. One is to watch and read the components of this course. The other is to contact a title rep from one of the local title companies and ask them to take you through reading a preliminary title and pointing out the issues that come up. Stacie Belman is a great title rep some of us use from First American Title. SBelman@firstam.com
It’s extremely important to carefully review the preliminary title report whenever you have a buyer or seller transaction. You want to make sure there is nothing unusual that could cause an issue with the transaction. Sometimes, items appear on the report that no longer apply to the property but still need to be removed from the title. Depending on the circumstances, that can be easier said than done.
A seller may also have forgotten, or simply chosen not to disclose, an IRS lien or another type of lien against their property. Any number of issues can arise, so it’s important to identify and address them early in the process.
+18 enrolled Course Includes
- 3 Lessons
