A short description about your blog http://www.leldawill.com Sat, 04 Sep 2010 18:03:14 +0100 FeedCreator 1.7.3 http://www.leldawill.com/blog/respa-changes-are-coming.html <p>RESPA rule changes are going to be effective on January 1, 2010.  The changes are significant and will have a great deal of impact on how we quote fees, prepare our HUD-1 statements and present the HUD-1 at the signing table.</p><br/><p>What is Changing?</p><br/><p>*  Many Title and Escrow Fees will no longer be itemized.</p><br/><p>*  There are references to the Good Faith Estimate (GFE) on Page 2 of the HUD-1 except in the Real Estate Commission (700) section.</p><br/><p>*  Escrow will be responsible fRead More... Anna Gonzales Fri, 09 Oct 2009 12:38:14 +0100 http://www.leldawill.com/blog/what-is-closing.html In a real estate transaction, a closing is a final procedure in which documents are executed and the sale or loan is completed.<br/><p> </p><br/><p>The Closing Process:  This process begins upon the receipt of an Earnest Money Contract.  This is a binding contract that sets forth the terms fo the sales transaction between buyer and seller.  Usually earnest money if requested when an Earnest Money Contract is executed.  Once the contract has been turned over to a closing agent with the escrow comppany,Read More... Anna Gonzales Fri, 09 Oct 2009 12:07:44 +0100 http://www.leldawill.com/blog/what-is-a-title-commitment.html The first time you receive a copy of a title company commitment, you might find it difficult to understand.  Actually, the commitment is an easy document to read.  Once familiar with the commitment, it becomes a road map to follow to ensure that the property being transferred is in insurable condition.<br/><p>Explanation:</p><br/><p>Schedule "A" - Information regarding policy or policies issued.  Who is receiving the insurance and who has the right to deed our their interest.</p><br/><p>Date - This is thRead More... Anna Gonzales Wed, 07 Oct 2009 13:03:46 +0100 Title Commitment Requirements Policy Insurance http://www.leldawill.com/blog/title-insurance-why-you-need-it.html <p>By Anna Gonzales, First American Title</p><br/><p>Title insurance has become an important necessity do to the high risk involved in buying, selling or financing real property. Title insurance is an insured statement of the condition of your “title” or ownership rights to a certain piece of property.</p><br/><br/><p class="MsoNormal" style="line-height: normal;">Title insurance has become an important necessity do to the high risk involved in buying, selling or financing real property. Title insurancRead More... Anna Gonzales Mon, 21 Sep 2009 16:50:09 +0100