What to Know Before You Close on Your Home

What to Know Before You Close on Your Home

You’re about to close on a house, congratulations! Landing a deal in this crazy market is something to be excited about. You may have also had a few head-scratching moments along the way to securing this offer and the keys aren’t yours just yet—so stay on your...
What You Need to Know About Short Sale Escrow

What You Need to Know About Short Sale Escrow

A short sale, or pre-foreclosure sale, occurs when the net proceeds from a property are less than the current lien on the property. The lender must approve the transaction, accepting a “short payoff.” Oftentimes, lenders prefer a short sale over foreclosure. These...
Why It’s Important to Have an Escrow Account

Why It’s Important to Have an Escrow Account

If you have a mortgage, maintaining an escrow account is very important. New homeowners are sometimes unsure of what “escrow” is, so here’s a quick breakdown: First, your lender adds up how much the annual tax and insurance costs are on your home. Then, they evenly...