[TAX & LAW] ȣ(KO, USA, IL)
I P

[ѱȣ, ̱ȣ, ϸ ȣ, ]
Since 1997 [ 繫 츦 ϰ Ἥ񽺴 ü ʽϴ.]
Ἥ񽺳 FEE, ޴ ȳ(Click) Ͻʽÿ.
ȣ ̳ , з  ȣ Ұ Ǵ ȣ ޴ ϼ


ATTORNEY [ licensed to practice in KOREA, U.S.A., ILLINOIS ] LEE, JAE WOOK
∗ [FOR AlienS - ENGLISH LANGUAGE LEGAL SERVICES in Counseling, Application and LITIGATION & TRIAL IN COURTS and TRIBUNALS in KOREA]
INTERNATIONAL DIVORCE, CIVIL, REAL ESTATE, PERSONAL INJURY, DAMAGES, TRAFFIC ACCIDENT, FRAUD, PENAL LAW, CRIMINAL TRIAL, FELONY, GUILTY PLEA, LEASE, RENTAL LAW, IMMIGRATION, INVESTMENT, TAX, INCORPORATION, TRADE, CONTRACT, DISPUTE IN CORPORATION, GOVERNMENT TREATMENT, REFUGEE, REMOVAL, VISA, PERMANENT RESIDENCE, CITIZENSHIP]
For more information for the services Attorney LEE provide for the Aliens who want for legal services in Korea, Please do not hesitate to click the below MENU link for "SERVICES FOR AlienS".

∗ [LANGUAGE Translation] You can use Google Translate application to see in your own language the pages in this website. For your convenience, click the "Google Translate(Select Language)"



FEE
Ұ
| λ

|
TAX
|

뵿
|

| Ư
PAT
ǥ
|

Ѽ
|
ART
|

|

| USA
̹
VISA
| ȥ

| Foreign
Clients
| |
[Category]
U.S.A. California Real Estate Transaction LAW (̱ ĶϾ εŷǹ)
  • λҼ
  • λҼ ȳ(Ȧ Ҽ)
  • ,ǻǥ,ǻ,
  • ༭ ۼ
  • (,,,Ź)ŷ
  • ɻ, λ,
  • ߰,ε߰
  • εҼ
  • λ ǽû,Ǽ
  • ,
  • Ʈ,հǹ,ں,
  • ,ûҼ
  • Ź εҼ
  • , 㰡 üҼ
  • ε ,,
  • ûҼ
  • ,,簳
  • ûҼ
  • ,,ð,󰡰
  • Ҽ M & A
  • Ļ,ȸ
  • Ļ,ȸ û븮
  • U.S.A. California Real Estate Transaction LAW (̱ ĶϾ εŷǹ)
  • U.S.A. California Civil Procedure Code (̱ ĶϾ λҼ۹)
  • U.S.A. Illinois Civil Procedure ACT (̱ ϸ λҼ۹)
  • U.S.A. Trust Law and Principles ̱Ź ؼ
  • U.S.A. Federal Rules of Civil Procedure (FRCP. ̱ λҼ۱)
  • U.S.A. Uniform Prudent Investor Act (UPIA. ̱ ǥ ڹ)
  • U.S.A. Uniform Trust Code (̱ ǥ Ź 𵨾)
  • U.S.A. Uniform Principal and Income Act (UPAIA. ̱ ǥ й 𵨾)
  • U.S.A. California Trust Code (̱ ĶϾ Ź)
  • U.S.A. California Civil Code (̱ ĶϾ ι)
  • ȸ,,
  • Ӵ
  • Ӵ
  • ༭ ۼ, , ı, ı, , ع
  • , ǥ, ðǥؾ
[Category]
U.S.A. California Real Estate Transaction LAW (̱ ĶϾ εŷǹ)


[Title]
9 ŷ
Start →




9 ŷ

1. ŷ
2. ũθ ŷ
3. ũ(Escrow)


1 ŷ (Title Insurance and Closing)

տ 强(ŵɼ, Marketability of Title)̶ 信 ؼ ణ ߾. ε ŰǾ μ Űݿ ġ Ȯ ִ. , 翡 ǿ ĥ ִ (Clouds on the Title) ε Ű .

ȭǾ Ⱓ ڵ ŸŵǾ ȴ. ׷ ټ ڵ ̿ õ , ϰ ȴ. ֵ Ÿ ʾҰ, Ǹ ڰ 絵 쵵 ִ.

ż ڷμ ε ŵ Űϰ ϴ ε꿡 Ǹ ϴ ο ǹ ǰ , ̷ ż μ ڽ żϰ ϴ ε꿡 Ǹ οο Ȯ ſ ߿ϴ. , ŵ ε꿡 (Good Title ո̰ ϴٰ
)̶ ʿ䰡 ִ ̴.

̷ ʿ伺 , پ ߵǾ.


(1) ༭(Abstract of Title An abstract of Title is a document which provides information about the history of the legal Title to a piece of real estate, with the goal of demonstrating that the Title is clear. Before issuing Title Insurance, an abstract of Title is usually prepared, and abstracts may be used in other settings as well. They can also be useful for historical research, as they can provide important information about the history of a piece of land or structure. In some cases, the abstract of Title may provide history from the first recorded ownership of the Property, as for example when a grant of land was given to a settler by the government. In other instances, it covers a period such as 40 years or 60 years, showing the transactions surrounding the Property which occurred during this period to provide information about whether or not the Title is clear. The abstract of Title demonstrates when the Property changed hands, whether or not there are claims or liens on the Title which could Cloud the Title, and what kind of easements may restrict the use of the land. In addition, it indicates which rights have been transferred or sold. For example, timber or mineral rights may not be automatically granted with the Title. Essentially, the abstract of Title provides complete information about where the Property stands so that people can determine whether or not there may be problems with the Title.
)

(밳 )κ ڿ ̸ Ϸ 絵, δ, 㺸 ǿ ġ ߴ (Chain of Title A chain of Title is the sequence of historical transfers of Title to a Property. The "chain" runs from the present owner back to the original owner of the Property. In situations where documentation of ownership is important, it is often necessary to reconstruct the chain of Title. To facilitate this, a record of Title documents may be maintained by a registry office or civil law notary

) Ѵ.

̿ Ͽ, ༭ Certificates of Title are documents that may be used to establish the current owner of a piece of Property. Along with identifying the current owner, a Certificate of Title will also provide other valuable information about the status of the Property, including any existing easements or encumbrances on the land and buildings located on the Property. Full disclosure of the status of the Property on the Certificate of Title can help lenders and potential buyers to be fully apprised of the current situation of the asset, and thus make a decision about whether to move forward with the proposed transaction. There are several key sections that are often included in the body of the Certificate of Title. One section will be devoted to the physical attributes of the Property in question. This can include such details as the address assigned to the Property, the dimensions of the land, and descriptions of any buildings that are currently established on the Property. All the information that is included in this section help to ensure that there is no miscommunication about the general condition of the Property, as well as the physical location of this tangible asset.
ݱϰ ǰ Ͽ شǴ ãƼ μ, ü ̶ ִ. ༭ (Title Search A Title search is a process that is performed primarily to determine the answer to three questions: 1. Does the Seller have a Saleable interest in the Property? 2.  What kind of restrictions or allowances pertain to the use of the land (real covenants, easements, or other servitudes)? 3. Do any liens exist on the Property which need to be paid off at closing (mortgages, back taxes, mechanic's liens, or other assessments)?. Anyone may do a Title search. Documents concerning conveyances of land are a matter of public record. These documents are maintained in hard copy paper format or sometimes scanned into image files, The information within the documents is typically not available as data format as the records are descriptions of legal events which contain terms, conditions, and language in excess of data. It is often the case that people choose to contact a Title company or attorney to conduct an exhaustive Title search. The process of performing a Title search involves accessing the official land records for the subject Property. Each record is a document evidencing an event which occurred in the history of the Property. A Deed records an event of Property transfer, a mortgage documents the collateral interest of a home Loan, and a lien documents a claim against the Property in favor of another. In each recorded event, the document indicates parties of grantor and grantee. The grantor is the party transferring away Property rights, and the grantee is receiving Property right. In the case of a Deed the grantor would typically be the Property Seller, and the grantee the buyer. A mortgage grantor is the borrower of the Loan, since they are giving away Property rights to the lender, or grantee. The records are kept in a centralized government office usually at the county courthouse with exceptions in a few states such as Connecticut and Rhode Island which maintain the records at the city or town level. Each document is recorded in a particular book and page location by date and are not grouped together by Property address. The process of a Title search begins with searching for and retrieving each physical document from the various books which contain them. The collected documents are then reviewed and analyzed to see how each affects the Property, and which documents have been released by subsequent recordings. Contingent conditions within documents such as life estates and remainder interests may exist within the document language. This process is often performed by a trained professional called a Title abstractor. Some Title abstractors have certifications documenting their experience level and training and successfully having passed an exam. The document produced by a Title abstractor is called a Title abstract, or abstract of Title. This is not a document which exists in public records, but it is derived from documents contained within the courthouse. The Title abstract is provided to the Title company, attorney, or end-user by the abstractor. For example, a Title Report may also show any easements, or recorded legal rights to the Property or portions of the Property. A previous owner may have legally given a neighbor the right to share the driveway, or the city may have a right to strips of the Property for putting power lines, communication lines, water pipes, or sewer pipes. A few on-line services offer Title searches for relatively little cost, and their accuracy is not inferior to what a Title company or attorney will offer; however on-line businesses rely mostly on electronically available information, and for that reason could at times be limited. In the United States, the buyer of a Property will usually purchase Title Insurance, which protects the buyer from any Title problems that may arise after Sale (such as liens that were missed during the Title search). The Title Insurance company issues a Report and issues an Insurance Policy in support of its findings. However, Title searches are most often carried out before contracting is completed between parties and sometimes during the escrow phase of a closing. A Title search is also performed when an owner of a certain real Property wishes to mortgage his Property and the bank requires from owner to insure their transaction. Generally, there are two main types of Title searching, a full coverage search and limited coverage search; other types include non-insured Reports and foreclosure guarantee search.
) ε꿡 ̳ û ŵȴ. ̿ ε꿡 㺸̳ ǿ û Ÿ缺 ϴ ȣ ǿ ǰ߼(Lawyers Opinion of Title) ÷εȴ.

̷ ༭ ۼ ༭ ۼڴ ϰų ǿ ǰ ϴ ƴ, ߿ ¸̳ Ǿ װ ŷ ؿ ؼ å .
强 ȮŽŰ ϳ ̿ǰ , ۼ ð ҿ Ӹ ƴ϶ 뵵 ̾ ״ ȣ ʴ´.


(2) (Certificate of Title Definition of 'Certificate Of Title': A state or municipal-issued document that identifies the owner or owners of personal or real Property. A certificate of Title provides documentary evidence of the right of ownership. When issued for real Property (such as land or a house) by a Title Insurance company, the certificate of Title is a statement of opinion on the status of the Title, based on a thorough examination of specified public records. The certificate of Title lists any encumbrances on the Property, such as liens or easements, but does not guarantee good Title. Title companies provide certificates of Title to lenders that require these documents prior to approving mortgage Loans. Certificates of Title are also issued for vehicles, including automobiles, buses, motorcycles, motor homes, trailers and trucks, aircraft and watercraft. These are issued by a designated state agency to identify the owner of the vehicle, aircraft or water vessel. Any liens or outstanding Loans will be identified on the certificate of Title. Often, a lender (such as for an automobile Loan) will hold the Title until the obligation has been satisfied, at which point the lien is released and the certificate of Title will be sent to the owner.
)

γ ġü , ε Ȯִ μ, 꿡 δ Ѵ.

ǿȸ簡 쿡, ε꿡 Ͽ Ͽ ˻縦 ۼ μ ε ¿ ǰ μ, ǥõ δ ϰ ڰ ǥϰ ȴ. ׷ ׷ ǥ üδ ǿȸ簡 ѿ ̳ ϴ ǹϴ ƴϴ.


(3) (Guarantee of Title)

̴. ̶ ε ϰ ϰ ȴ. ϴ ڴ å Ǿ ư ó Ű ̴.

(4) (Title Insurance Policies)

̶ ϱ װ ı Terrens System : ε ҹ ϰ ϰ ϵ ε꿡 ϴ ̴. ҹ ϵǸ ε ڴ ҹκ ιް ȴ.
Torrens system: Land registration system in which the government is the keeper of all land and Title records, and a land Title serves as a certificate of full, indefeasible, and valid ownership. Invented by Sir Robert Torrens, the 19th century reformer of Australian land laws, it has also been adopted by several US counties and Canadian provinces.
翡 ٰ ̹Ƿ ⸦ ó ıϿ ݿ ִ.

׷ٸ ż ̷  ȣ ִ° ذå (Title Insurance) ߵǾ. 迡 ⺻ ̵ ǰ 迡 Ѵ.

ε ż ä ϱ , ε꿡 Ÿ ŷ Ϻ ȿ .

   ε ߸ ߱ ִ ظ ϴ ε żڿ ǻ ȴ. ż ߸ ظ ϱ , Ǻȸ 迡 ϰ Ǹ, ȸ Ǻ żο Ѵ. ߻ ż ŷ̳ Ÿ ڸ Ҽ ʰ ȸκ ߻ ް ȴ.  

        
ȸ(Title Insurance Companies)

ĶϾֿ ִ ȸ ĶϾ ֹ ȴ. ȸ ĶϾ μ(Insurance Commissioner) (Guarantee Fund) ؾ ϸ ų Ϻθ Ǻ ׿(Title Insurance Surplus Fund) ġϿ Ѵ. ῡ ϶ǥ Ϲο ־ Ѵ.


ǥغ(Standard Policy)

ǥغ ε ż ε ˻ ְ, ε  ǰ ִ 縦 Ȯ ִٴ ϰ ִ. ǥغ ͵ ż 縦 Ȯΰ ͵
󿡼 Ѵ.

ıϿ Ÿ ε ϰ ִ Ǹ
ıϿ Ÿ ̳ 㺸
迡 ڿ ˷ų ϰ Ǹ 巯
ǿ û
(Reservation)
Ǹ

뵵ʿ Ͽ Ͱ ٸ ̿

ĶϾ ȸ ȸ ĶϾ ȸ(California Land Title Association, CLTA) ȸ ϴ ǥؾ ۼصΰ ִµ, ǥ Ŀ ε꿡 ǥ⹮ Ͽ, λ ѱ Ѵ. ż ̷ ǥغĿ ̻ ö Ѵٸ ٸ ϴ.


        
Ȯ뺸 (Extended-Coverage Policy Extended Coverage Policy: A Title Insurance Policy that covers risks normally excluded by most standard coverage policies. The standard Policy normally insures the Title only as shown by the public records. It does not cover unrecorded matters that might be discovered during an Inspection of the premises. Most lenders require extended coverage mortgage Title Insurance policies. Extended coverage indemnifies the insured against such things as mechanics liens, tax liens, miscellaneous liens, encumbrances, easements, rights of parties in possession and encroachments, which may not be disclosed by the public records.

Extended coverage is a term used in the Property Insurance business. All Insurance policies have exclusions - specific causes of loss (also called "perils") that are not covered by the Insurance company. An Extended coverage endorsement(EC) was a common extension of Property Insurance beyond coverage for fire and lightning. Extended coverage added Insurance against loss by the perils of windstorm, hail, explosion, civil commotion, riot and riot attending a strike, aircraft damage, vehicle damage, and smoke damage. The endorsement has been largely supplanted by what is referred to as "basic" causes-of-loss form first introduced by Insurance Services Office in 1986 as part of its simplified language revisions. The basic form includes most of the perils previously provided by fire and extended coverage and it adds vandalism and malicious mischief, sprinkler leakage damage, sinkhole collapse, and volcanic action. Broader coverage is available in "broad form" and "special form" causes-of-loss forms. Broad form adds three additional perils plus collapse due to certain causes. Special form covers almost all risks of loss except those that are specifically excluded.
)

Ȯ뺸 ܵǴ ׿ ؼ Ȯϴ ϴ μ, ַ äڸ ֳϸ äڴ ٸ εκ ָ 繫Ҹ ΰ , 㺸 ε ϱ⵵ ʱ ̴.
̴.
ϻ ǥõ ͸ ϰ, Ͽ ǥõ μ ε꿡 翡 Ͽ Ȯε ִ ʴ´.

̿ Ͽ Ȯ뺸 Ǻڸ Ͽ üڵ з(Lien), ݾз, Ÿ з, δ, , Ǹ ħص ؼ Ѵ.

̱ ȸ(American Land Title Association, ALTA) Ϳ Ͽ Ѵ.

ıϿ Ÿ   ε ϰ ִ Ǹ
ıϿ Ÿ ̳ 㺸
翡 Ǹ û
û
(reservation)
Ǹ

CLTA ALTA Ȯ庸 ŸŰ żο ˷ ڳ , 뵵 ɻ , Ÿ ̿ 泻 Ư뵵
躸忡 Ѵ.


ǿ纸(Preliminary Title Report A Preliminary Title Report is a document prepared on real Property once an escrow is opened, but prior to closing. It provides all kinds of information about the Property that is essential for a buyer to see, such as how Title is currently held and what kind of exceptions to Title are currently of record (for example, easements, liens and encumbrances). The Preliminary Title Report then becomes the final Title Report, on which Title Insurance is based. In addition to specific exceptions to Title that will be listed on a Title Report, it will also list standard exclusions from coverage. In virtually every real estate transaction, the buyer has the right to approve or object to the Preliminary Title Report and back out of the deal unless the Seller can provide clean Title by eliminating certain exceptions to Title prior to closing. But a buyer will only have a short period of time during which to act on the Preliminary Title Report. So its extremely important for a buyer to carefully review a Preliminary Title Report immediately and to take appropriate action if there are any unacceptable exceptions to Title
)

ڴ û ִ 쿡, ε ŸŰ DZ   ũ ڰݺ(Escrow Holder) Ͽ żο ǻ翹纸 Ѵ. ǻ翹纸 Ѵ.

ε  ǥ⹮ ̸
ü , ä Ư ϸ
ε ǰ Ȯ
ѱ̳ ܰ Ÿ ׸ Ѵ. ̰ ̷ ؾ Ѵ.


(Title Insurance Fees)

1ȸ Ѵ. äڸ ż äڰ δѴ.  ż żγ ŵ δѴ. Ϲ CLTA(California Land Title Association The California Land Title Association is a non-profit trade organization representing the entire title industry in California. The Association develops title forms and has a number of services to offer its members along with serving as a unified voice on legislative and regulatory issues. California has the largest title insurance industry in the nation, with an annual average of $1.5 Billion in premiums generated. CLTA represents all title insurers licensed to do business in the state of California and nearly all licensed underwritten title companies in the state. CLTA serves as the unified voice of the industry on legislative and regulatory issues. Title insurance is a $10.6 Billion U.S. industry.
) ŵ ϰ, ALTA(American Land Title Association) The American Land Title Association or ALTA, is a national trade association representing the interests of the abstract of title and title insurance industries. In addition to active members engaged in the title industry, associate members cover a wide range of businesses and occupations relating to real estate law, Sales, development, design, construction, and financing. The American Land Title Association, founded in 1907, is the national trade association and voice of the abstract and title insurance industry. ALTA members search, review and insure land titles to protect home buyers and mortgage lenders who invest in real estate. ALTA is headquartered in Washington, DC. Members of the association are in business in most counties across the nation. Nearly all title insurance companies hold ALTA membership, in addition to abstracters* and title agents. More than 4,000 title agents, abstracters, and title insurance companies are Active members, ranging from small, one-county operations, to large national title insurers. Title insurers or underwriters also conduct business internationally in nearly 100 countries worldwide. Associate members of ALTA may include attorneys, builders, developers, lenders, real estate brokers, surveyors, consultants, educational institutions, computer services firms, and related national trade associations. The eleven-member ALTA Board of Governors is responsible for creating association Policy, managing the financial health of the association, overseeing the work of 33 committees, and ensuring the overall welfare of the association. The organization's best known function is the promulgation of standardized forms for the terms and conditions of title insurance policies: these forms are adopted by all major title insurers except where state law requires the issuance of different terms, although most of the state-regulated forms are similar or identical to the ALTA forms. ALTA's headquarters are located at 1828 L Street, NW Suite 705, Washington, D.C. 20036.

Ǵ ALTA-R ALTA R are designed for issuance on certain subdivided
residential properties and are not available for all properties.
( ְſ 1 - 4 UNITS ) ż Ѵ Most California real estate Sales involve title insurance. There are two standard forms used, CLTA and ALTA. Most California real estate Sales involve title insurance. There are two standard forms used, and this article makes a brief comparison of the two for the consumer.
The two types of policies are CLTA (California Land Title Association) and ALTA (American Land Title Association). CLTA policies insures only the title as shown by the public records, meaning that which is recorded with the local County Recorders office, as well as fraud and forgery. It insures against all loss including attorney fees (up to the
purchase price) for as long as the owner owns the Property, and assures that title is being vested in the person shown on the Policy. ALTA has more coverage (and costs more) in that it covers matters that are not in the public record. It was developed in response to the needs of out-of-state lenders who do not have an opportunity to inspect the Property. ALTA policies assume the risk of inspecting the Property and, in some cases, conducting a survey. It includes such matters as unrecorded mechanics liens, assessments, encroachments, easements, and boundary conflicts. A major difference between the two is that the CLTA Policy will list standard exceptions (Schedule B, Part I), while the ALTA does not have standard exceptions. However, the ALTA Policy will list specific exceptions to coverage.
.


ȸ ũ 븮(Escrow Agent)μ (Title Companies Title companies are business entities that focus on the examination of the quality of Titles or Deeds associated with Property holdings. In many instances, the Title company will also function as the means of insuring the Property during the process of a Sale. While the Title company usually works closely with the current owner of the Property, it is not unusual for the company to work directly with real estate agencies and professionals to establish the legality of Title claims and thus clear the way for a Sale. When taking on an investigation of a given Property, the Title company first researches the claim of ownership associated with the Property. This includes reviewing the current Title or Deed to ensure there are no defects or questionable factors in the actual construction of the documentation. Once the propriety of the Title is established, the Title company takes steps to ensure there are no current liens on the Property other than those already acknowledged by the owner. Failure to uncover this type of information can jeopardize the Sale and also possibly render a Title claim invalid. When any irregularities are uncovered as part of the investigation, the Title company will often work with the current owner or the selling entity to resolve the issues. Doing so helps to pave the way for an easy progression in the Sale process. The Title company remains involved all the way through the closing process, often overseeing the Funds transfers that complete the Sale.
as Escrows)

̿ ĶϾֿ Ϲ̱ ȸ簡 ũ 븮(Escrow Agent) ϱ⵵ Ѵ.


2 ũ(Escrow An escrow is: an arrangement made under contractual provisions between transacting parties, whereby an independent trusted third party receives and disburses money or documents for the transacting parties, with the timing of such disbursement by the third party dependent on the fulfillment of contractually-agreed conditions by the transacting parties, or  an account established by a broker, under the provisions of license law, for the purpose of holding funds on behalf of the broker's principal or some other person until the consummation or termination of a transaction; or, a trust account held in the borrower's name to pay obligations such as Property taxes and insurance premiums. The word derives from the Old French word escroc, meaning a thief, or thieverie (fr. escroquerie), which is where lawyers and attorneys come into play, where the Deed is held by a third party (lawyers) until a transaction is completed. Escrow generally refers to money held by a third-party on behalf of transacting parties. It is best known in the United States in the context of real estate (specifically in mortgages where the mortgage company establishes an escrow account to pay Property tax and insurance during the term of the mortgage). Escrow is an account separate from the mortgage account where deposit of funds occurs for payment of certain conditions that apply to the mortgage, usually Property taxes and insurance. The escrow agent has the duty to properly account for the escrow funds and ensure that usage of funds is explicitly for the purpose intended. Since a mortgage lender is not willing to take the risk that a homeowner will not pay Property tax, escrow is usually required under the mortgage terms. Escrow companies are also commonly used in the transfer of high value personal and business Property, like websites and businesses, and in the completion of person-to-person remote auctions (such as eBay), although the advent of new low cost online escrow services has meant that even low cost transactions are now starting to benefit from use of escrow. In the UK escrow accounts are often used during private Property transactions to hold solicitors' clients' money, such as the deposit, until such time as the transaction completes. Other examples include: purchases of a second hand car, where the money may be released at the end of a warranty period deposits for a Property rental, where the money is released after the tenant moves out  provision of construction services, where the money may be released when the building work is complete to a defined standard, or when defined parts of the work are complete. An unrelated type of escrow is when a purchaser of a complex system, such as bespoke process control software or a large industrial installation, may require the supplier to place the design into source code escrow, so that the purchaser remains in a position to maintain and modify the system in case of the demise of the supplier.

) ŷ(Closing in Escrow)

ũ(Escrow Escrow payment is the common term referring, (in the US), to the portion of a mortgage payment that is designated to pay for real Property taxes and hazard insurance. It is an amount "over and above" the principal and interest portion of a mortgage payment. Since the escrow payment is used to pay taxes and insurance, it is referred to as "T&I", while the mortgage payment consisting of principal and interest is called "P&I". The sum total of all elements is then referred to as "PITI", for "Principal, Interest, Tax, and Insurance". Some mortgage companies require customers to maintain an escrow account that pays the Property taxes and hazard insurance. Others offer it as an option for customers. Some types of Loans, most notably Federal Housing Administration (FHA) Loans, require the lender to maintain an escrow account for the life of the Loan. Even with a fixed interest rate, monthly mortgage payments may change over the life of the Loan due to changes in Property taxes and insurance premiums. For instance, if a hazard insurance premium increases by $120.00 per year, the escrow payment will need to increase by $10.00 per month to account for this difference (in addition to collection for the resulting escrow shortage when the mortgage company paid $120.00 more for the hazard insurance premium than what was anticipated). By RESPA guidelines the escrow payment must be recomputed at least once every 12 months to account for increases in Property taxes or insurance. This is called an escrow analysis. The validity of an online escrow company's license can be checked with the regulating authority. Usually this is accessible through their official website, and should always be checked before dealing with an escrow company to ensure it is not a look-alike or fraud.

) ŷ Ϲ ڷκ ߸ 3ڰ , , Ǵ Ÿ ġ ޾ ϰ, ŷ ڰ ŷ ϸ ڿ ڽ ͵ εϱ Ͽ ̸ Ͻ ϴ Ѵ. ũξ(Escrow Business)̶ Ÿ Ƿڸ ް Ÿ ε ŷ ϴ ε ̴. ũδ ̳ 繫 ǹ ε ŸŰŷ ó Ÿ δ ϰų, Ӵ ÿ ȴ. ũ(Escrow) ε ̿ܿ ̳ ü 絵 ŷ ̿ȴ. ε Ÿ ũ(Escrow) ߽ Ѵ.


ũ(Escrow)ӹ ϴ ũ 븮(Escrow Agent) Ǵ ũ ڰݺ(Escrow Holder) Every home mortgage transaction requires the assistance of a bonded mediator, known as an escrow holder. This intermediary holds cash collected from a home Loan lender during the closing period of a real estate Sale. Escrow holders assure all parties that home mortgage Funds will not be improperly handled.
Escrow Holder Essentials: An escrow holder is an essential part of real estate Sales, home Loans, and refinancing transactions. He or she acts as a neutral third party in charge of all cash, Deeds, contracts, and other conveyances of value throughout a transaction. All cash and securities are placed in special bank accounts that can only be disbursed by the escrow holder with the mutual consent of all parties involved. In simple home mortgage deals, an escrow holder may only need to be involved for a few weeks. With more complex Sales, involving multiple home Loans or deposits, an escrow holder may manage an account for months or even years.
Other Duties of Escrow Holders: In addition to the basic duties of escrow holders, they also do the following. 1. Prepare the escrow instructions, making sure that every condition is made clear and everybody agrees to the terms and conditions of the home Loan or real estate Sale. 2. Order a Preliminary Title search. 3. Ask for a statement or demand from open lenders . 4. Arrange the Grant Deed. 5. Prorate the costs related to the subject Property. 6. Keep track of the payments on existing home Loans . 7. Make a record of the Grant Deed and other important documents. Close the escrow as stipulated in the escrow instructions . 8. All home Loans require the assistance of a professional escrow holder. Most home mortgage lenders often work with a preferred escrow holder, in order to speed up the closing process. Remember to check the bonding and licensure of your home Loan provider's escrow holder before entering a transaction.
Ѵ. ũ 븮(Escrow Agent) Ƿεκ ̵ Ƿϴ ̳ ε޾ ̸ ϰ ӳ뿡 óϸ, Ȱϰ ϴµ ʿ ۾ Ѵ. ũ 븮(Escrow Agent) ӹ ڵ ׵ ǹ ϼϵ ϴµ ִ ƴ϶, ũ(Escrow) ŷ ŸŰ DZ ǹ Ǿ, ڱ Ǿ, ׸ ż ޾Ҵ Ȯ Ȯϴ ̴. ̷ ũξ εŷ ȸ ʼ̾ 硤ä ϰ ϰ ϸ ŷ ῡ ʿ , , , ŸŴ , Ÿ û  þ Ѵ.

ε Ÿ ÿ ũ ڰݺ(Escrow Holder) ŸŰŷ ü ŸŰŷ ڱ ϴ ̶ ٸ 2 ŷ ϴ Ѵ.
ũ ڰݺ(Escrow Holder) ŷ ڸ Ͽ, ϰ ۼǰ ̷, ڱ õ ʿ伭 ƾ Ѵ.

øŸ ŷ Ӿ 㺸, õǾ ִ.


ũ ڰݺ(Escrow Holder) ӹ Ѵ.

ʿ غ
ڷκ ް δ , Ҵ
ʿ ڱ Ϸ ԼǾ Ȯ

ũ 븮(Escrow Agent) ŷ 쿡 Ź ڱ , ŵ̳ żο εν ũ(Escrow)ŷ ų ִ. ũ(Escrow) ũ 븮(Escrow Agent) ڽ Ͱ θ ϰ ׸ȭ 꺸(Settlement Statement) ڿ ش. ŷ(Closing)ÿ ü ڵ ϰ ̸ ϴ Ǵµ, ̿ ҿǴ ð Ϸ ̻ ҿ ִ.


(1) ũ (Creating an Escrow)

ε ŸŸ ũ δ 2 䱸ȴ.

ӷ ִ (Binding Contract)

żΰ ŵΰ ӷ ִ ε꿡 ־ Ѵ. Ǵµ, ̵ Ÿ ༭ ݿ, , ñ, ȯ Ǵ ٸ ӷ ࿡ ִ.  żΰ ä ̿ Ư (Loan Commitment) ¸ ǹ ִ.

Ǻ ε(Conditional Delivery)

ε ŸŰ࿡ ʿ ŵκ ż Ͽ ũ ڰݺ(Escrow Holder) Ǻη εǾ Ѵ.  ŸŴ, 絵 ο 絵Ѵٴ , ⼭ Ÿ ʿ Եȴ. εŸŰ ǰ ũ(Escrow) ϱ Ǽ ũ ü(Escrow Instructions)
Ͽ Ư Ǿ μ ε ε ̷ ȴ.

(2) ũ ü(Escrow Instructions)

ũ 븮(Escrow Agent) ŷ ٺ Ư ũ ü ޴´. ũ ü Ű ̳ ٸٸ ũ 븮(Escrow Agent)μ ̵ ߿ ð ֱ Ϳ Ѵ. ũ 븮(Escrow Agent) ũ ü õ ̿ å Ѵ. ũ ü ŷ ڿ յ ε ̶ ֹ(bilateral), ڿ ־ٸ (unilateral)̶ Ѵ.

ũ ڰݺ(Escrow Holder) ۼ ü ŷ ڵ ϴ Ŀ ŷ Ϲ Ϲ װ ų . ŷ Ѵٸ ũ ü ִ. .

(3) 븮μ ũ ڰݺ(The Escrow ũ ڰݺ(Escrow Holder), Ǵ ũ 븮(Escrow Agent) ׳ ũ(Escrow) θ.
as Agent)

븮谡 ũ ڰݺ(Escrow Holder) ŷ ڵ ̿ DZ װ ũ ü ѵȴ. ũ(Escrow) ϴ Ǹ ũ ڰݺ(Escrow Holder) ŷ żΰ ŵ 븮̴. ũ ϷḦ ؼ ŷ Ǿ ϹǷ, ũ ڰݺ(Escrow Holder) ŷ Ϸ ʿ信 ڵ 븮μ Ѵ.

ũ ڰݺ(Escrow Holder) ŷ ڰ . ũ ڰݺ(Escrow Holder) ŷ ־ ʿ ϰ ߸ Ѿ Ѵ.


(4) ũ 븮(Escrow Agent) ڰݿ(Requirements as Escrow Agent)

ĶϾ (California Financial Code) 6δ ũο ̴. װ ũ 븮(Escrow Agent) Ȱ ִ ϰ ִ. ũ 븮(Escrow Agent) Ƿ ڸ ϰ α(Department of Corporation)(Commissioner of Corporation) ڰ ο޾ƾ Ѵ.

ũ(Escrow)ڰ

, ȸ, ȸ, ȣ ε Ŀ(Broker) ũ(Escrow) ڰ ڵ̴. ̵ ũ 븮(Escrow Agent) Ȱϴ ε Ŀ(Broker) ƯĢ Ѵ. ũδ ũ(Escrow)ȸ縦 dz ̼ Ǵ ࡤ ȸ Ͽ ũ(Escrow)μ ġϿ ũ(Escrow) ִ.

Ϲݿ

ũ 븮(Escrow Agent) Ȱ ڰ In the terminology of the escrow industry, all escrow agents performing escrow services in California are either licensed or controlled escrow companies.  A "licensed" escrow company, which is also known as an independent escrow company, is licensed by the Department of Corporations.  This license can only be obtained after the escrow company has met and satisfied all of the licensing requirements set forth by the Escrow Law, which are enforced by the Department of Corporations.  A "controlled" escrow, which may be known as a non-independent escrow, is not licensed by the Department of Corporations.  A controlled escrow could be owned and operated by, but is not limited to, an attorney, a real estate broker, a Title Insurance company, among others.  The licensing and regulation of controlled escrows depends on the jurisdiction of the licensing and regulatory authority; therefore, the licensing requirements, laws, and regulations that they are subject to vary widely. The following agencies can assist you when inquiring about the licensing status of an escrow: For Title Insurance/underwritten Title companies performing controlled escrows, contact the California Department of Insurance at (800) 927-HELP or go to www.Insurance.ca.gov. For real estate broker controlled escrows, contact the Department of Real Estate at (877) 373-4542 or go to www.dre.ca.gov.  For attorney controlled escrows, contact the State Bar of California at (800) 843-9053 or go to www.calbar.ca.gov. For controlled escrows handled by federally-chartered banks or federally-chartered savings and Loan associations, contact the Office of the Comptroller of the Currency at (800) 613-6743 or go to www.occ.gov. For controlled escrows handled by state-chartered savings and Loan associations or state-chartered savings banks, contact the Department of Financial Institutions at (800) 622-0620 or go to www.dfi.ca.gov. For independent escrow companies, contact the Department of Corporations at (866) ASK-CORP or search our licensee listing. If your escrow company is not licensed by the Department of Corporations and is not regulated by one of the governmental agencies listed above, contact the Department of Corporations at 1(866) ASK CORP or 1(866) 275-2677. The company may be engaging in unlicensed escrow activity. 1.What action can the department take against escrow agents that fail to comply with the escrow law and regulations? The activities of an escrow agent are highly regulated for the protection of members of the public who entrust their Funds to these companies. The owners of a company are responsible for the actions of the managers and employees. The escrow agent's operations are subject to the provisions of the California Financial Code and the California Code of Regulations. Failure to comply with these laws and rules can result in administrative action being taken that can range from a Desist and Refrain order to the Department taking possession of the company. The Department may assess penalties for late filing of Reports, or bar an individual from any position of employment or other association with a licensed escrow agent, subject to appropriate administrative procedures. The Department can also pursue criminal and civil sanctions where it is appropriate. 2. How Do I File a Complaint Against a Mortgage Banker, Finance Company, Mortgage Loan Originator, Escrow Comany, Payday Lender or Check Seller? You may only file a complaint against one of the above companies or mortgage Loan originators if they are licensed by the Department of Corporations. In order to determine if a company is licensed by the Department of Corporations you may call us or search through the Licensee Listing.  In order to determine if a mortgage Loan originator is licensed by the Department of Corporations please review the NMLS Consumer Access website.  The Department of Corporations' toll-free telephone number for determining license status is (866) ASK-CORP or (866) 275-2677. You may call this number to discuss your problem and determine if your concern is an issue over which the Department has jurisdiction. Once it is determined that your complaint falls within our jurisdiction, a complaint form will be sent to you, or you may download the complaint form from our website. When we receive the completed form, we contact the company and request the information and documents needed to complete an independent review of the complaint. The Department also requires the licensee involved to investigate and respond to both you and the Department regarding the concerns raised in the complaint.  Please keep in mind that as an administrative agency, the Department's authority is limited. We cannot litigate on your behalf, or act as your attorney. If the circumstances of your complaint require legal action, you may wish to consult an attorney. If the matter already involves litigation, the Department will generally not issue a letter of findings to you. However, the complaint will be reviewed on a confidential basis and any appropriate action will be taken.

θ ְ, ׷ ڰ . ڰ Ҵɷ Ͽ ϸ 25õ޷ ؾ Ѵ. ̳ ٷ ǰڴ ڽ ο ؾ Ѵ.

ũ 븮(Escrow Agent) Ȯ ϰ ȸó ؾ ϸ ̰ α(Department of Corporation) ȴ. δμ Ǵܿ 簡 ʿ 쿡, ũ 븮(Escrow Agent) ȸ糪 ΰ踮翡 ۼ ȸ⵵ ȸ谨缭 α(Department of Corporation) ؾ Ѵ. ũξ(Escrow Business) ϳ Ź Ƿ κ ڱ ٸ ؾ Ѵ.

ũ 븮(Escrow Agent) ڽ ǰ ̿ܿ Ե Ұ, Ǵ ٸ . ܺο ŷ . ŷ ڴ ڰ Ϻη 쿡 Ͽ ׿ Ͽ ִ. ũ ü(Escrow Instructions) ڿ Ŀ  ũ 븮(Escrow Agent) ũ ü(Escrow Instructions) ϰų ó ϰ ϴ 䱸 ޾Ƶ鿩 ȵǸ, ̴ Ǿ ִ.


(5) ũ 븮(Escrow Agent)μ ε Ŀ(Broker)(The Real Estate Broker as Escrow Agent)

տ ޵ Ͱ ε Ŀ(Broker) ũ(Escrow)ӹ ϱ ũ 븮(Escrow Agent)μ ڰ ʿ䰡 ũ(Escrow) ִ. ׷ ũ 븮(Escrow Agent) Ȱϴ Ŀ ĶϾ α(Department of Corporation) κ(Department of Corporations) ǰ ִ.

ڰݸ ̹Ƿ, ش ĿԸ ȴ. ̷ ڰ ó ܼ Ȱ ϴ ƴ϶ Ŀ ῡԷ ȮǾ .
ε Ŀ(Broker) ε ŷ ż Ǵ ŵ ֹ Ǵ Ϲ Ŀ̾ Ѵ.
ũδ Ŀ ε ߰ μ κ̾ Ѵ.
Ŀ ũ(Escrow) ٸ Ŀ ȸ .
Ŀ ε ߰ õ ũ(Escrow)񽺸 ִ. Ŀ ü ̸(Fictitious Business Name)̳ ŸƲ(Title) ũ(Escrow) ܾ ִ Ͽ Ϲ ؼ ȴ.
ũ(Escrow)ڱ ĶϾ α(Department of Corporation) ˻ Ǹ, ڱ ũ(Escrow)ڰ   ° ƴ Ź¿ ־ Ѵ.


(6) Ÿ Ģ (Other Principles and Prohibitions)

(Impartiality)

ũ 븮(Escrow Agent) ŷ ڿ ؾ Ѵ. ũ ڰݺ(Escrow Holder) ڵκ Ǵ ø ޴ 쿡, ũ ڰݺ(Escrow Holder)μ ̷  õ 󼭴 ȴ. ڰ ȭ ÿ Ѵ. ÿ 󼭴 ȴ.

ǸȮ (Interpleader Interpleader is civil procedure that allows a plaintiff to initiate a lawsuit in order to compel two or more other parties to litigate a dispute. An interpleader action originates when the plaintiff holds Property on behalf of another, but does not know to whom the Property should be transferred. It is often used to resolve disputes arising under insurance contracts. In an interpleader action, the party initiating the litigation, normally the plaintiff, is termed the stakeholder. The money or other Property in controversy is called the res. All defendants having a possible interest in the subject matter of the case are called claimants. In some jurisdictions, the plaintiff is referred to as the plaintiff-in-interpleader and each claimant a claimant-in-interpleader. For example, suppose a person dies with a life insurance Policy. However, the insurance company knows there will be a dispute over who should receive the proceeds. The insurance company can file an interpleader action. The insurance company is the stakeholder, the claimants are the persons who might be beneficiaries under the Policy, and the cash value of the Policy benefit is the res. Under the proceeding as originally developed, the stakeholder would deposit the res with the court, and then the defendants would have their claims adjudicated by the court. Statutory modifications to the procedure (varying, of course, by jurisdiction) sometimes allow the stakeholder to retain the res pending final disposition of the case. Typically, once the stakeholder deposits the res into the court (for example, the face value of the insurance Policy), the stakeholder is released from the action and the claimants proceed against each other to determine which of them is legally entitled to the res. Except for the denominations of the parties, the action proceeds for the most part as other civil lawsuits in the same jurisdiction. In some jurisdictions, the res will earn interest at the legal rate until disbursed. The successful claimant is entitled to the interest as well as the principal.

ѱ Ҽ, Ҽ۵ ϳ, ̴. ǹ δϴ ǰ Ǹ Ȯ Ҽ  ־, Ǹ ڽ ̶ ǰ Ͽ ǰ Ǹ θ 찡 ̿ شѴ.
Federal Rules of Civil Procedure 22: (a) Grounds for an Interpleader Action "(1) By a Plaintiff. Persons with claims that may expose a plaintiff to double or multiple liability may be joined as defendants and required to interplead. Joinder for interpleader is proper even though: (A) the claims of the several claimants, or the titles on which their claims depend, lack a common origin or are adverse and independent rather than identical; or  (B) the plaintiff denies liability in whole or in part to any or all of the claimants.  (2) By a Defendant. A defendant exposed to similar liability may seek interpleader through a crossclaim or counterclaim. (b) Relation to Other Rules and Statutes. This rule supplements – and does not limit – the joinder of parties allowed by Rule 20. The remedy this rule provides is in addition to – and does not supersede or limit – the remedy provided by 28 U.S.C. 1335, 1397, and 2361. An action under those statutes must be conducted under these rules.
)

ǰ ̿ ũ (Escrow Instruction) Ͽ ڵ ̿ Ͼ ִ. ̷ ũ ڰݺ(Escrow Holder) ǸȮ Ҹ ִ. Ҽۿ ũ ڰݺ(Escrow Holder) ڵ Ǹ ǹ ϰ ؾ Ѵ.

ũ ڰݺ(Escrow Holder) ̳ ൿؼ Ǹ Ȱ ڵ鿡 ؼ ȴ. ũ ڰݺ(Escrow Holder) ϰų ε Ŀ(Broker) ٷ ϴ ؼ ڵ鿡 ϰų ǰϿ ȵȴ.

ֿ (Disclosure of Material Facts)

ũ ڰݺ(Escrow Holder) ũ ڰݺڰ Ƿ ڵ鿡Դ ˷ ŷ ֿ ũ ڰݺ(Escrow Holder) ִ. ũ ڰݺ(Escrow Holder) ׷ Ǹ װ ڿ ؾ Ѵ. ׷, ũ 븮(Escrow Agent) ŷ ڵ鰣 ŷ ǹ ִ ƴϹǷ, Ƿ ڵ鿡 ŷ ּ ƴ϶ ǹ .

Ϲ ũ ڰݺ(Escrow Holder) ׻ 븮踦 νϿ װ ִ װͿ ˸° óؾ Ѵ. տ ޵ ó żΰ ä ŷ Ƿ Ϲ ڿԸ ˷߸ ϴ ִ.  ȲϿ ũ(Escrow) ڰ ƴ ˷ ȴ.


ۼ (Recordkeeping)

ũ 븮 Ȯ ϰ ȸ ʿϴ. ʿϴٸ ũ(Escrow) ߰ǰų Ǿ Ѵ. ũ(Escrow)¿ ʰ ǰų ݾ ʰ Ǿ ȴ. ũ ü Ϻΰ ƴ ڱ ũ ڰݺ(Escrow Holder) Ǵ װ ޾Ƽ ȴ.

ϰ и (Full and Clear Information)

ŷ Ǵ 꼭 ϰ иϰ ۼϿ ˾ƺ ϴϴ ڿ ƴ϶ ũ ڰݺ(Escrow Holder)Ե ̴. ָŸȣϰų ־ ȴ.




3 ũ (Escrow Procedures)

ε ŸŰ࿡ ż û ŵο ³ Ŀ üῡ ʿ λ ԵǾ Ȯϴ ŵ, żΰ ε Ŀ(Broker) ο ߿ϴ.   ڵ ü ๮ ϰ ָŸȣ ̷ Ȯ ξ ο ̴. εŷ ε븮 ᳪ ޾Ҵ θ ҹϰ,   ε 븮 ֵȴ.

(1) ŷ ˸(Transaction Checklist)

żΰ ŵ 󿡼 ǵ ǿ ԵǴ Ϳ ִ. ε 븮 ʿ ڵ鿡 Ȯ ˷ Ͽ Ѵ. Ŀ ε ˻ߴ, ż ε꿡 ߴ ǿ ˰ ִ, żο Ŀ 븮迡 , ŷ ż Ŀ ҿ ϰ ִ Ȯϴ ̴.


(2) ż å(Responsibilities of the Buyers)

ϴ ŷ ϰ Ǹ ũ ڰݺ(Escrow Holder) żΰ ŵ ؾ   ˷ְ ȴ.

ż

ũ ü(Escrow Instruction) Ѵ.
żΰ Ŀ ༭ Բ ũο ġ ż 븮༭ 纻 ũ ڰݺ(Escrow Holder) Ѵ.
(Preliminary Title Report) ϻ ѱ Ѵ.
ο , μ , ż Ǻ(subject to) , ŵ żο ⼭ Ѵ.
ż μϰ ȭ غ(Hazard Insurance Policy) Ѵ.
ε ˻纸(Property Inspection Report) ϰ, ũ(Escrow) ε ˻ Ѵ.
ŷ 絵 ŵ ۼ ŵȮμ(Bill of Sale A bill of sale is a legal document made by a 'Seller' to a purchaser, reporting that on a specific date, at a specific locality, and for a particular sum of money or other "value received", the Seller sold to the purchaser a specific item of personal, or parcel of real, property of which he had lawful possession. It is a written instrument which evidences the transfer of title to personal property from the vendor, Seller, to the vendee, buyer. It may take the form of something like the following: For the sum of fifty thousand dollars I hereby sell to Larry Smith full ownership of a green John Deere harvester, serial number DH500-1234567. (Signed) John Doe.
) Ѵ.
ŸŴ ڱڱ(Down Payment
) ŷ 뿡 ʿ ġѴ.

Ϲ ε ŷ ҿǴ żΰ ŵ ̿ ִ. ż ؾ δ , , ſȸ, ä , Ź ۼ, , ż , , μ, ο ȭ غݾ, δ ŵ ̹ о̴.


(3) ŵ å(Responsibilities of the Seller)

ŵ  

ũ ü(Escrow Instructions) Ѵ.
ε (Disclosure Statement) ũο ŵ ༭ 纻 Ѵ.
ŵ Ǹ(Sellers Deed) , Ÿ ǿ ִ Ѵ.
䱸 ٿ Ź dz Ϻҿ䱸 ϴ Ȳ ŵ żα Ѵٸ Ѵ.
ũθ ҵ ǰ(Deficiency Judgment), 㺸 Ǵ Ÿ ѱǿ ϳ Ѵ.
żο غ Ѵ.
࿡ 䱸Ǵ ļ Ǽ(Subordination Agreement) Ѵ.
̸, Ӵ, ݵ Ӵ踦 żο ϰ, ŵ ο 濡 Ӵ Ѵ.
ҺαŰ࿡ Ͽ ŵ, ż , 㺸༭ Ѵ.
Ÿῡ ʿ ٸ ۼ̳ ϰ Ѵ.

ŸŰ ϱ ̴. ŵ Ϲ 佺Ʈ Ʈ (Pest Control Report) 뼭, (Ȳ ), ϺҰ ҹ, (Discount Points Definition of 'Discount Points': A type of prepaid interest mortgage borrowers can purchase that lowers the amount of interest they will have to pay on subsequent payments. Each discount point generally costs 1% of the total loan amount and depending on the borrower, each point lowers your interest rate by one-eighth to one one-quarter of your interest rate. Discount points are tax deductible only for the year in which they were paid. For example, on a $200,000 loan, each point would cost $2,000. Assuming the interest rate on the mortgage is 5% and each point lowers the interest rate by 0.25%. Buying 2 points will cost $4,000 and will result in an interest rate of 4.50%. Both lenders and borrowers gain benefits from discount points. Borrowers gain the benefit of lowered interest payments down the road, but the benefit applies only if the borrower plans on holding onto the mortgage long enough to save money from the decreased interest payments. Lenders benefit by receiving cash upfront instead of waiting for money in the form of interest payments over time, which enhances the lenders liquidity situation.
) ׸ 뱺 ŷ ũ(Escrow), ŵθ , ̺Ҽ̳ Ÿ ŵο Ⱥе δ Ѵ.


(4) ε 븮 å(Responsibilities of the Real Estate Brokers)

ε 븮 ŷ 븮Կ ־ ũξ Ͽ 븮 ؾ ǹ ִ. Ϲ ε 븮 å ũ(Escrow)࿡ ؼ ް, ʿ ũ(Escrow) ڸ ̴.



ڵ ǵ и ϰ, ŸŰ 纻 ϸ ũθ (Escrow Open) Ѵ.
ŷ ڵ鿡 ũ ü , ϰ, ŷڵ ũ ü(Escrow Instructions) ũ(Escrow) ڿ ־ ȮѴ.
ũ(Escrow) ڿ ⿡ ŵ ο, ڸ ǥ ε꼭 Ǹ纻, ũ(Escrow) ڸ ִ Ѵ.
ż(Ư ȥ κ )  κ ǰѴ(ε 븮ΰ ũ(Escrow) ڰ ڰ 쿡 ̿ ).
ŵο ũ(Escrow)Ⱓ ȯϰ ŸŰ࿡ ε , ϵ Ų.
ǿ纸(Preliminary Title Report) Լϴ ϰ żο Ѵ.
ż ʿ ⸦ ְ äڰ ũ(Escrow) ڿ ְ Ѵ.
ż ŸŰ ε ˻縦 ϴ żΰ ˻ Ѵ.
ŵ ⿡ Pest Control Report ûϵ ʿ ۾ Ѵ.
ε 븮 ż ȭ纸 μϰų ֹ ñ ϰ ż ȭ غ迡 ϵ ´ ŵ 濡 ȸ翡 ϵ Ű ŵ ҵ ̶ ŷ Ҹ ϵ Ѵ.
.
ڵ ؾ ʿ伭 ڱ ũο εǴ ȮѴ.
ڵ ׵ ǹ ϼϰ ŷ Ȳ ֵ ϸ鼭 븮 ɷ ڵ 䱸ϰų ûϴ ´.


(5) ũ ڰݺ(Escrow Holder) å(Responsibilities of Escrow Holders)

Ʒ ŵ ũ ڰݺ(Escrow Holder) ӹ̴. ⿡ ũ(Escrow) ڶ ũ(Escrow)ŷ ٷ ũ(Escrow)ȸ糪 ũ ڰݺ(Escrow Holder) ǹѴ. ũ(Escrow) ڴ ũȸ(Escrow Company) ũ ڰݺ(Escrow Holder) ϴ Ư µ ȸ縶 ݾ ٸ.

ũ ü(Escrow Instructions)

ֿ ε Ÿſ ־ ũ ڰݺ(Escrow Holder) μ ũ ü Ͽ żΰ ŵ ؾ ϰ ̸ ŵΰ żο ϴµ, żΰ ŵ ü ؾ Ѵ. ũ ü(Escrow Instructions) Ű, , , ż , ż ǿ ε ѱ, ŷ, 䱸Ǵ ˻纸, Ⱥй δ, ż , ü Ǿ װ͵ ǹڸ Ѵ.


(Title Search)

ũ(Escrow) û ŵγ żο õ ȸ ϰ (Preliminary Title Report) Ѵ. ε꿡 Ͱ ϻ ڻ ƴ϶ ̳ ٸ ѱǿ ִ. ũ ڰݺ(Escrow Holder) żο 纻 ϱ ϰ ׿ żο ش.


ä (Lenders Statements)

ε 㺸Ǿ ִٸ ũ(Escrow) ڴ äڵ Ͽ äڵ鿡 ׻ȯû(Demand for Payoff ݾ ũθ ҵ
payoff: Complete repayment of a loan (principal plus interest), full discharge of an obligation, or the return from a deal, decision or investment.
) Ǵ Ź (beneficiary statement, ż ⸦ ) ϵ 䱸Ѵ.

(Termite 򰳹̸ ǹϳ, 򰳹̸ Ͽ Ϲ Ͽ ׷ οο ˻縦 Ѵ. 򰳹̰ ƸԾ ǹ ġǷ, ̴ ʼ̴.
)˻纸 Ÿ (Termite and Other Reports)

ũ(Escrow) ڴ ũ ü ް ڵ鿡 ´. ̷ Pest Control Report Pest control refers to the regulation or management of a species defined as a pest, usually because it is perceived to be detrimental to a person's health, the ecology or the economy.
, 輱, Ǵ Ե ִ. ŵ ũθ ϰڴٰ ûϴ°쿡 ŷ ũΰ ̷ Ѵٴ  ؾ Ѵ.

ű ⼭(New Loan Package)

κ ż ⸦ ڽ űԷ ´. ̷ ũ(Escrow) ڴ ⼭ ü ޾ ż ΰ , ŷ ڱ DZ յǴ ȮѴ.


ȭ Ÿ (Fire and Other Insurance Policy)

ż װ ϴ ε꿡 ڽ 絵޴ ȿ ߻ ֵ ϴ . ŵηκ żο ̶ ũ(Escrow) ڴ 迡 ް ŷ 絵ǵ ؾ Ѵ. ż ̶ ũ(Escrow) ڴ ׿ Ƿڼ(Policy Commitment) 纻 ޾ƾ Ѵ.

Ÿ (Other Information and Statements)

ŷ DZ ؼ 꼼, ϼü ü Ư, ݰ ŷ ʿ ٸ Ȯ 䱸 쵵 ִ. ε Ӵ Ӵ ݵ Ϻΰ ȴ. ŸŰ δŸŶ ٸ 䱸ȴ.

Ⱥй (Proportions and Adjustments)

ʿ ũ ڰݺ(Escrow Holder) żΰ ŵ ֹ δ ׸ ȺкϿ ݾ Ѵ. ̷ Ⱥ 󿡴 , , ,
← End



[Title]
9 ŷ



  23 →   ȥ ̱ 纸 ø 1 Һκ 5  
  22 →   ̱ ε  
  21 →   14 ðް  
  20 →   18 Źڱݰ  
  19 →   17 ε õ  
  18 →   16 , ߰  
  17 →   15 ü ڻ ߰  
  16 →   13 ȹ ÿ  
  15 →   12 ε  
  14 →   11 Ӵ  
  13 →   10 ε  
  →   9 ŷ  
  11 →   8 Ÿ  
  10 →   7 ε  
  8 →   8 ر(Recovery Account)  
  6 →   6 븮(Agency)  
  5 →   5  
  4 →   4 ε δ  

1 [2]   Next →
     
       

[Category]


  • λҼ
  • λҼ ȳ(Ȧ Ҽ)
  • ,ǻǥ,ǻ,
  • ༭ ۼ
  • (,,,Ź)ŷ
  • ɻ, λ,
  • ߰,ε߰
  • εҼ
  • λ ǽû,Ǽ
  • ,
  • Ʈ,հǹ,ں,
  • ,ûҼ
  • Ź εҼ
  • , 㰡 üҼ
  • ε ,,
  • ûҼ
  • ,,簳
  • ûҼ
  • ,,ð,󰡰
  • Ҽ M & A
  • Ļ,ȸ
  • Ļ,ȸ û븮
  • U.S.A. California Real Estate Transaction LAW (̱ ĶϾ εŷǹ)
  • U.S.A. California Civil Procedure Code (̱ ĶϾ λҼ۹)
  • U.S.A. Illinois Civil Procedure ACT (̱ ϸ λҼ۹)
  • U.S.A. Trust Law and Principles ̱Ź ؼ
  • U.S.A. Federal Rules of Civil Procedure (FRCP. ̱ λҼ۱)
  • U.S.A. Uniform Prudent Investor Act (UPIA. ̱ ǥ ڹ)
  • U.S.A. Uniform Trust Code (̱ ǥ Ź 𵨾)
  • U.S.A. Uniform Principal and Income Act (UPAIA. ̱ ǥ й 𵨾)
  • U.S.A. California Trust Code (̱ ĶϾ Ź)
  • U.S.A. California Civil Code (̱ ĶϾ ι)
  • ȸ,,
  • Ӵ
  • Ӵ
  • ༭ ۼ, , ı, ı, , ع
  • , ǥ, ðǥؾ

Copyright 1997-2024 TAX & LAW (ݰ )
site ϴ ƴϸ, ̰ "" Ƿ(¶ ƴ϶ å Ⱓ Ƿ) Ǹ մϴ.
, Ƿʿ Ȥö ִٸ, װ ƴϸ, Ͽ ̰ų ̶ Ͻñ ٶϴ.
׷ ұϰ ̸ ̶ ϽŴٸ, ϴ Ʈ ƴ϶ ׷ Ͽ (å Ⱓ Ƿ) Ƿ Ͻʽÿ. 繫ǿ Ͻ κ ƴմϴ.

FEE
Ұ
| λ

|
TAX
|

뵿
|

| Ư
PAT
ǥ
|

Ѽ
|
ART
|

|

| USA
̹
VISA
| ȥ

| Foreign
Clients
| |