Page 3 - English CA Buyer Seller Guide

le of Contents

INTRODUCTION TO CHICAGO TITLE 4 www.ChicagoTitle.com
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The Title Insurance “Value Proposition”: 10 Reason
Contact Sheet for Transaction Parties 6
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TITLE INSURANCE 9
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What is Title?, FAQs 11
Why You Need Title Insurance - 21 Reasons 2
Life of a Title Search – Flowchart 15
Comparison of Title Policies 16
Homeowner’s Title Policy Comparison Chart 17
Homeowner’s Policy of itle Insurance 18
“The Investor’s Policy” – The Interim Binder
What is the Preliminary “Title” Report? 19
Statement of Information – Why is it Needed? 20
Vesting Chart – Common Ways of Holding Title 21
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ESCROW 2
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Escrow FAQs
The Escrow Process 26
Life of an Escrow 28
Opening Escrow 29
Red Flags in the Escrow/Title Process 30
The Short Sale Escrow 31
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CLOSING THE ESCROW 33
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Other Parties to an Escrow Transaction
Disclosure Reports 7
The Loan Process
Loan FAQs 38
PMI “Private Mortgage Insurance”
What is a Payoff? – Payoff Terms
Taxes
Real Property Tax Dates
Closing Costs and Who Pays What

TERMS

Glossary of Terms

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