Page 2 - Home Buyers and Sellers Guide - Hawaii

Table of Contents Contact Information

Table of Contents i
Contact Information ii Name: Name:
OLD REPUBLIC TITLE 1 Company: Old Republic Title and Escrow of Hawaii, LTD. Company:
Why Old Republic Title? 1 Address: Address:
Services We Provide 3
Financial Ratings 4 City/State/ZIP: City/State/ZIP:
ESCROW 5 Phone: Phone:
What is Escrow? 5
How Does Escrow Work? 6 E-mail: E-mail:
Escrow Process 7
‘Know Before You Owe’ Mortgage Disclosure Terms 8
Top 10 Things Consumers Should Know About the Closing Process 9 Name: Name:
Avoid Escrow Pitfalls 12 Company: Company:
Beware of Wire Fraud 13 Address: Address:
PRELIMINARY REPORTS 14
Preliminary Report — Some Basics 14 City/State/ZIP: City/State/ZIP:
TITLE INSURANCE 17 Phone: Phone:
What is Title Insurance and How Does It Work? 17
33 Covered Risks for the Homeowner’s Policy 19 E-mail: E-mail:
Comparison of Title Coverage 22
Frequently Asked Questions About Title Insurance 23
Common Ways to Hold Title in Hawaii 25 Transaction Information
CLOSING COSTS 26 Estimated Close Date:
Usual and Customary Home Buyer’s Closing Costs in the State of Hawaii 26
Buyer vs. Seller Cost 27 Notes:
Real Property Tax Rates 28
Conveyance Tax Rates 29
HARPTA 30
FIRPTA 30
OLD REPUBLIC EXCHANGE 31
What is a 1031 Exchange? 31
Seven Great Reasons to Exchange 32
REAL ESTATE DICTIONARY 33