The American Land Title Association (ALTA) policy is an extended coverage policy that insures against many of the items excluded in the CLTA standard policy.
The standard policy in California is the California Land Title Association (CLTA) policy.
The escrow doesn’t officially close until the deed has been recorded.
Escrow instructions are the written authorization and instructions for how an escrow agent will perform in the transaction.
RESPA is administered by the Consumer Financial Protection Bureau (CFPB).
A debit is money that the buyer or seller needs to pay at closing.
The Real Estate Settlement and Procedures Act (RESPA) of 1974 was created to ensure that the buyer and seller in a residential real estate transaction have knowledge of all settlement costs.
Transaction information includes names and addresses for both the borrowers and sellers and the lender’s name.
Interest is payable in arrears.
"Accrued expenses are those expenses that the seller incurred but have not yet been billed for at the time of closing. These items are paid in arrears."
A vendee policy is used when a property is being purchased through a land sales contract, purchase money mortgage, or purchase money trust deed.
No. | Subject | Date | Views |
---|---|---|---|
Notice | 부동산 용어사전 | 2019.04.15 | 2147 |
Notice | 부동산 용어 (A to Z) | 2019.03.03 | 1379 |
111 | Real Estate Law 85 | 2019.05.15 | 103 |
110 | Quiz 12 | 2019.05.15 | 8863 |
» | Quiz 12 Corrections | 2019.05.15 | 383 |
108 | accrued expenses 미지급비용 | 2019.05.15 | 101 |
107 | Real Estate Law 86 | 2019.05.15 | 113 |
106 | Real Estate Law 87 | 2019.05.15 | 151 |
105 | Real Estate Law 88 | 2019.05.15 | 106 |
104 | Real Estate Law 89 | 2019.05.16 | 67 |
103 | Real Estate Law 90 | 2019.05.16 | 137 |
102 | Real Estate Law 91 | 2019.05.16 | 993 |
101 | Real Estate Law 92 | 2019.05.16 | 86 |
100 | Real Estate Law 93 | 2019.05.16 | 88 |
99 | Chapter 13 Conclusion | 2019.05.16 | 377 |
98 | Quiz 13 | 2019.05.16 | 7294 |
97 | Real Estate Law 94 | 2019.05.16 | 73 |
96 | Real Estate Law 95 | 2019.05.16 | 474 |
95 | Real Estate Law 96 | 2019.05.16 | 77 |
94 | Real Estate Law 97 | 2019.05.16 | 78 |
93 | Real Estate Law 98 | 2019.05.16 | 90 |
92 | Real Estate Law 99 | 2019.05.16 | 94 |
91 | Real Estate Law 100 | 2019.05.16 | 353 |
90 | Real Estate Law 101 | 2019.05.16 | 111 |
89 | Chapter 14 Conclusion | 2019.05.16 | 145 |
88 | Quiz 14 | 2019.05.16 | 9451 |
87 | Real Estate Law 102 | 2019.05.17 | 220 |
86 | Real Estate Law 103 | 2019.05.17 | 126 |
85 | Real Estate Law 104 | 2019.05.17 | 188 |
84 | Real Estate Law 105 | 2019.05.17 | 134 |
83 | Real Estate Law 106 | 2019.05.17 | 115 |
82 | Real Estate Law 107 | 2019.05.17 | 301 |