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Questions & Answers for SELLERS |
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With real estate, as with most big purchases, doubt and uncertainty can often hold back a buyer. Offering a First American EagleEDGE Assignable insurance policy can erase all the uncertainty. It gives buyers the peace of mind and security of knowing that your property is real, and that you are for real.
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Frequently Asked Questions |
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How does the Preliminary Report reassure buyers?
How does Escrow protect me? |
How does the Preliminary Report reassure buyers?
It shows that your property exists and provides buyers with a lot of very valuable information. It contains a legal description of the property and in some cases an informational plat map, plus vital information on the ownership of the property, the manner in which the current owners hold title, and matters of record that specifically affect the property or the owners of the property. It also describes recorded deeds of trust and mortgages; easements; agreements; covenants, conditions and restrictions (CC&Rs); etc. that may affect the title.
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How does Escrow protect me?
Escrow protects all parties to a transaction. For example, by holding the deposit, we make it easier for the buyer to show good faith. We hold all monies, instructions, and documents necessary to the transaction, make sure that the right amounts go to the right parties, and see to details such as recording the new deed. In other words, the seller doesn't give up title to the property until he or she has a right to the purchase money deposited in the escrow by the buyer. So when the transaction is over, you're done.
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