For REALestate
A gratuitous transfer of property.
What is a donation?
Incurs the charge on tax pro-rations.
Who is the seller?
A neutral third party who facilitates final steps in a real estate transaction.
Who is the closing agent (or settlement/escrow agent)?
History of title to property?
What is an abstract?
Protects the loan in a mortgaged transaction.
What is lender's title insurance?
They should have all addendums, invoices and any important information regarding the transaction?
Who is the closing agent (or settlement/escrow agent)?
Protects the buyer’s investment in the property.
What is owner's title insurance?
A realtor’s favorite three words.
What is clear to close?
Least favorite position in the loan process.
Who is the underwriter?