by minelson | Mar 6, 2023 | Escrow, Home Buying
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...
by minelson | Sep 8, 2022 | 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...
by minelson | Sep 1, 2022 | Escrow
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...
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