Current
They own NST
Who is Lynn Wardley and Jeff Sommers
This is required to "Open" escrow
What is the purchase agreement & any counters or addendums
(Include all BBA's!)
This is how to vest when you want to avoid probate
What is Joint Tenancy or Community Property with Rights of Survivorship
These are required to order a payoff demand
What is the Loan # and the SS # of the primary Borrower
Evidence of a person's right, or the extent of his interest, in a property
What is Title
This is how many offices NST has currently
What is 4
This document will be sent to both agents and a copy should then be provided to both clients to review within the first 10 days after opening escrow and shows any liens or issues with the property title
What is the preliminary title report
This is required to transfer property to or from a Trust
What is the Declaration of Trust
This is the document recorded at closing to secure a new loan against the property
What is a Deed of Trust
This is a charge or levy placed on a property
What is an Assessment
This is a benefit for a person or entity purchasing or selling 3 properties in 12 months within Clark County
What is an Investor Rate
This document is the only one in a typical opening package (that you receive from escrow) that needs to be edited or signed by anyone
What is the commission instructions
Signed by Matt with your BAC fee written on there
This is the document recorded at closing to transfer the property to the new owner
What is the Grant, Bargain, Sale Deed
This is the document recorded to remove and release a Deed of Trust from a property
What is a Reconveyance
This is a written declaration by a person executing a document
What is a Notary Acknowledgement
This is the percentage discounted off of the escrow fees offered to clients using the NST Preferred Program
What is 20%
Adjustments made to ensure each party bears the responsibility for property maintenance expenses only during the actual period of ownership
What are Prorations
This is what is recorded to remove a spouse's interest at closing
What is a Quitclaim Deed (or Grant, Bargain, Sale Deed)
This is a detailed explanation that identifies the particular parameters of a piece of Real Estate
What is the Legal Description
This term refers to a sequence of ownership records
What is Chain of Title
These are something the Escrow holder cannot act without
What are mutually signed instructions
This escrow product allows a Buyer, usually an investor, to save on their closing costs when they sell a property if they use the same title company to purchase and sell it within a certain time frame
What is a Binder (comes with a fee at closing of the purchase, save money on the sale)
This is a legal document that automatically transfers ownership to a designated beneficiary upon death of the property owner without going through probate.
What is a Deed Upon Death or (TOD) transfer on death
This is charged at a rate of $5.10 per thousand by the County to transfer property
What is Real Property Transfer Tax
This Federal Law requires that a buyer must confirm the seller is not a foreign person, or withhold from the Seller's proceeds of the sale a sum equal to 15% of the total consideration to the Internal Revenue Service
What is FIRPTA (Foreign Investment in Real Property Tax Act)