by kramoltz@hotmail.com | Jul 18, 2017 | Home Buying, Title Insurance + Escrow
In What’s in a Preliminary Title Report? I told you about the importance of the preliminary title report/title commitment. The commitment is an important buyer “Transactional” category document (see Part 1’s description of the four categories), because it...
by kramoltz@hotmail.com | Jun 5, 2017 | Home Buying, Mortgages + Lending, Selling Your Home
Educational docs/docs you may need after closing. Educational documents mainly are directed at the buyer/borrower, and most give information about the mortgage process. These contain info which may be useful and should be read. The loan related papers can generate...
by kramoltz@hotmail.com | Jan 12, 2017 | Global Buyers + Foreign Investment
In part 1, I pointed out the importance of title insurance when purchasing property in Mexico. It isn’t automatic like the U.S. and Canada, so you have to check. I also noted what risks should be covered. And another thing to look for is that the title insurance...
by kramoltz@hotmail.com | Nov 2, 2016 | Global Buyers + Foreign Investment, Home Buying
When purchasing property in the U.S. and Canada, buyers (and lenders) require title insurance. It is equally important when you purchase property in Mexico. The Living Trust format used to acquire Mexican coastal property (a Fideicomiso) does not take the place of or...
by kramoltz@hotmail.com | Jul 11, 2016 | Home Buying, Selling Your Home, Title Insurance + Escrow
Escrow and Title. The 2 main costs charged by escrow companies in Arizona are the escrow fee and the premiums for the title insurance policies. The standard AAR contract used here states that the escrow fees will be split equally between buyer and seller, and the...