Opening Package Tag

17 Sep What is an REO and What Does That Mean For Escrow?

Posted at 00:00h in Escrow

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The term REO stands for Real Estate Owned properties. These are properties that are owned by a bank or lender and are for sale to the public. These properties were reverted back to the bank after the homeowner was foreclosed upon. If the home fails...

03 Sep Options for Holding Title–The Vesting Form Revealed

Posted at 00:00h in Escrow

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Demystifying the escrow process for buyers is part of our goal here at American Trust Escrow. One of the ways we accomplish this is by providing buyer's a detailed opening package. This package contains a particular form called a Vesting Form that is integral to...

09 Jul It's Important! Why the Opening Package from Escrow Matters

Posted at 00:00h in Escrow

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Within 48 hours of receiving a contract, American Trust Escrow mails out an opening package to both the buyer and seller. These packages contain "homework", i.e. paperwork that escrow needs back promptly in order to move forward and ensure that a transaction closes on schedule....