Foreclosure Secrets Revealed

Archives by Tag 'Escrow'

The Escrow Month, inspections, contingencies, and earnest money.

Ok so now you have an accepted offer, now what? Now you begin the Escrow time, usually a month, which is the time to get everything set up so the property can close. Hopefully as smooth and as on time as possible. It used to be we would start with inspections, now though, we tend [...]

Glossary and Real Estate Terms

Abstract of Title- A summarized history of the title of real property. Acceleration Clause- A clause that provides, at the option of the lender, the entire unpaid balance of the note would be due immediately upon failure to make a required monthly payment. Accrued Interest- Accumulated interest due but not paid. Acknowledgment- Legal declaration before [...]