Learn how to manage transactions
12 articles
If you are working on specific projects everyday and you need to access them there is an option to "pin" the project. The pinned projects will be shown on the bottom…
The Final Closing Statement The Final Closing (Settlement) Statement is prepared by the escrow agent after payment of all obligations due under the escrow instructio…
Signing the Closing Documents At some point during the escrow, the transaction will become ready for closing. Once the closing papers are signed by the seller and bu…
Hazard Insurance Hazard insurance protects a borrower's property from many factors such as fire, windstorm, snow, freezing temperatures, volcanic eruption, explosion…
Flood Insurance The National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973 established a national flood insurance program (NFIP), requiri…
Title Insurance For underwriting to approve the borrower's loan request, the title to the property that the borrower is purchasing must be marketable title. Marketab…
The Preliminary Title Report The preliminary title report is a report on the condition of title of the real property. The report contains information about the prope…
Covenants, Conditions, and Restrictions (CC&Rs) Covenants, conditions, and restrictions (CC&Rs) are private (as opposed to municipal) use limitations or restrictions…
Escrow Instructions The escrow instructions represent the written authorization of the buyer, seller, and lender for the escrow company to close the transaction. The…
Home Inspections A home inspection is typically a part of every real estate purchase transaction. While the appraisal provides an estimate of value for the lender or…
Profit and Loss reports give you an overview of income and expenses. These reports allow you to view categorized income and expenses and view your gross and net inco…