Foreclosure Secrets Revealed

Archives by Tag 'Title Insurance'

Escrow Insurance equals assurance to you.

If you are purchasing your foreclosure from the bank why use an escrow officer with your local title company to close the deal? Because you are not just paying them to help both parties through the transfer of title process. You are also purchasing title insurance. That means they have researched the property and made [...]

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 [...]