In Merriam-Webster’s online dictionary, the third definition under the earnest entry is “something of value given by a buyer to a seller to bind a bargain”. At Highland Title + Escrow, we are earnest (first definition in the entry) title professionals, and this post will shed light on the importance … [Read more...] about Earnest Money: What is it, and why is it important?
The Highland Title + Escrow professionals know title and escrow; after all, it’s in our name. What do those two words mean to you as a participant in a real estate transaction? You will hear the terms many times in your journey so today, let’s share some knowledge regarding their … [Read more...] about The Difference Between Title & Escrow
You have lived in your home for eight years, and you decide it’s time for an upgrade. Throughout the course of your ownership, you have made monthly payments regarding your mortgage loan. Part of the seller’s journey is to pay off your outstanding balance, as well as any existing credit line related … [Read more...] about Why is my loan payoff more than the principal balance on my last statement?
We recently shared a blog concerning the buyer’s ALTA Settlement Statement, and everything that disclosure document entails. Today, we would like to talk about what it looks like from the seller’s perspective. As the seller, the format of the American Land Title Association (ALTA) Settlement … [Read more...] about What’s the ALTA Settlement Statement? A Breakdown for Sellers
It’s finally here…Closing Day, and all of your hard work has paid off. At Highland Title + Escrow, we want your smooth settlement to be the conclusion of your home buying journey. That means your understanding of what is happening with your money is a top priority. Today, we would like to discuss … [Read more...] about What’s the ALTA Settlement Statement? A Breakdown for Buyers