Modern Broker is hosting an Escrow and Title forum at 9am Wednesday 11/6 at the Elks Lodge in Visalia. Representatives from Stewart Title, Chicago Title, and First American Title will be on the panel to field your questions and make us a little smarter. We’ll have a light breakfast and lots of good discussion! All Realtors are welcome and encouraged to attend. This event will be recorded and broadcast on this site and on youtube as well so you can tune in online if you can’t make it in person.
Here’s a quick preview of some of the questions and topics that will be covered:
Do title departments run buyers’ names when issuing prelim report? If yes or no, what are the pros and cons of this from an agent’s or buyers perspective?
Now that HUD allows buyer to choose the escrow company on HUD owned homes, what is the procedure for handling HUD escrows and are all escrow companies allowed to handle HUD transactions?
Can someone who is a non-citizen without a driver’s license or State issued ID card be notarized?
When are cash deposits acceptable?
What the the pros and cons from escrow/title’s perspective of recording “over the counter”. Does your company have a specific policy or restrictions associated with these types of recordings?
Name two or three habits you see in successful agents that you wish more agents embodied.
What duties does an escrow officer have (or not have) to inform an agent when receiving critical and sensitive information directly from a principal.
What can an agent do to help expedite the process of opening escrow, getting deposit receipt, and getting the preliminary title report.
Can an EMD be released to back to the buyer once escrow is cancelled without both parties signing cancellation instructions? If not why?
Why is a statement of information required as part of an escrow?
Is a matricula an acceptable form of ID for notarization?
Why do title companies ask for a Statement of Information (AKA – SI)?
What happens from a title standpoint if one of the sellers passes away?
How do title companies handle prescriptive easement rights?
Why do title companies want early access to power of attorneys (AKA – POA’s)?
What will a title company require if there is a paid but unreleased lien?
What does the title company require if there is a judgment against the seller? The buyer?Is it important for the title company to know if there is a Homeowners Association?
What issues do the title companies look at when there is an estate involved in the transaction? A trust?
What judgments or liens are not out by time or bankruptcy?
When there is a foreign cash buyer, what issues surface when they go to sell the property?
What are the property tax cycles that confuse the buyers? What happens when the county is in the re-assessment cycle of posting taxing?
Why are title companies effected by the Office of Foreign Asset Control (AKA- O.F.A.C.)?