- Industry: Real estate
- Number of terms: 2794
- Number of blossaries: 0
- Company Profile:
Coldwell Banker is a large real estate franchise founded in 1906 in San Francisco. Coldwell Banker has an international presence, with offices on six continents, 46 countries and territories. There are more than 600 Coldwell Banker offices outside of the United States.
The temporary holding by a third neutral party of deposited money pending completion of agreed terms in the sales contract. This third party acts as stakeholder for both parties' instructions and assuming responsibility for the handling of all paperwork and distribution of funds.
Industry:Real estate
A local government employee whose role it is to keep records of all real estate transactions within the jurisdiction.
Industry:Real estate
An account setup by a mortgage servicing company to hold funds with which to pay expenses such as homeowners insurance and property taxes. An extra amount is paid with regular principal and interest payments that go into the escrow account each month.
Industry:Real estate
The filing of a real estate transaction with the appropriate government agent (normally the RECORDER). A real estate transaction is considered final when it is recorded.
Industry:Real estate
An analysis performed by the lender usually once each year to see that the amount of money going into the escrow account each month is correct for the forecasted expenses.
Industry:Real estate
Charged by the County or Town Clerk to record documents in public records. May be included in the borrower's closing costs.
Industry:Real estate
The payout of funds from an escrow account to pay property expenses such as taxes and insurance.
Industry:Real estate
The fee that the title company (the third party) charges for doing the paper work involved.
Industry:Real estate
Expenses that the buyer can expect again, year after year, such as property taxes, fire insurance, earthquake insurance, interest.
Industry:Real estate
