Page 2 - Homeowners Manual - Monterey - Carmel
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Table of Contents









        Contents
        Table of Contents                                                                                           i
        Contact Information                                                                                        ii
        OLD REPUBLIC TITLE                                                                                         1
        Why Old Republic Title?                                                                                    1
        Services We Provide                                                                                        3
        Financial Ratings                                                                                          4
        ESCROW                                                                                                     5
        What is Escrow?                                                                                            5
        How Does Escrow Work?                                                                                      6
        Escrow Process                                                                                             7
        ‘Know Before You Owe’ Mortgage Disclosure Terms                                                            8
        Buyer’s Checklist                                                                                          9
        Seller’s Checklist                                                                                        11
        Top 10 Things Consumers Should Know About the Closing Process                                             13
        Showstoppers                                                                                              16
        Beware of Wire Fraud                                                                                      17
        Mimecast Secure Messaging                                                                                 18
        PRELIMINARY REPORT                                                                                       20
        Preliminary Reports — Some Basics                                                                         20
        TITLE INSURANCE                                                                                          23
        What is Title Insurance and How Does It Work?                                                             23
        32 Covered Risks for the Homeowner’s Policy                                                               25
        Comparison of Title Coverage                                                                              28
        Frequently Asked Questions About Title Insurance                                                          29
        Common Ways of Holding Title                                                                              31
        California Concurrent Co-ownership Interests                                                              33
        CLOSING COSTS                                                                                            34
        Examples of Additional Closing Costs                                                                      34
        Common Property Taxes                                                                                     35
        Property Tax Calendar                                                                                     37
        FIRPTA Withholding Rule                                                                                   38
        REAL ESTATE DICTIONARY                                                                                    41
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