What is an Escrow and Why is it Needed?An escrow is an arrangement in which a disinterested third party, called an escrow holder, holds legal documents and funds on behalf of a buyer and seller, and distributes them according to the buyer’s and seller’s instructions.
People buying and selling real estate often open an escrow for [...]
Author Archives: Chicago Title Insurance Company
What Happens in Escrow?
September 1, 2005 – 3:09 pm
Why Title Insurance Is Needed When Refinancing a Mortgage Loan
February 1, 2001 – 4:26 pm
Reprinted with permission from Chicago Title Insurance Company
Today’s lower interest rates have spurred you to refinance your mortgage. Now you can expect to reap the benefits of substantially reduced monthly mortgage payments, but you can also expect to pay the lender the typical closing costs associated with any mortgage loan.
Why? Because from the lender’s standpoint, a [...]
What Happens In Escrow?
January 1, 2001 – 4:19 pm
Reprinted with permission from Chicago Title Insurance Company
What is an Escrow and Why is it Needed?
An escrow is an arrangement in which a disinterested third party, called an escrow holder, holds legal documents and funds on behalf of a buyer and seller, and distributes them according to the buyer’s and seller’s instructions.
People buying and selling [...]
How to Help Your Home Sell
December 1, 2000 – 4:07 pm
Reprinted with permission from Chicago Title Insurance Company
A Good First Impression Can Help Sell Your Home
When you are showing your home to prospective buyers, first impressions are the most lasting and the most important to its sale.
Your major role as a seller will be to make your home as attractive as possible to potential buyers. The [...]
What Every Home Buyer and Seller Should Know About Title Insurance
November 1, 2000 – 4:01 pm
Reprinted with permission from Chicago Title Insurance Company
Most home sellers and buyers have been informed that obtaining title insurance will provide them necessary protection over possible title defects; but many remain uncertain about why this is so – or even about what title insurance is. At the Chicago Title and Trust Family of Companies, we believe [...]
What’s in a Title Search?
October 1, 2000 – 6:30 pm
You’ve decided to purchase a home and hope to take possession as soon as possible. The terms have been agreed upon and all the financial arrangements have been made. But there’s one important detail remaining. Before the transaction can close, a title search must be made.
The most accurate description of title is a bundle of [...]
