A step-by-step guide for Arizona buyers, sellers and real estate professionals. During escrow in Arizona, a neutral escrow team follows the written purchase contract, holds funds and documents, coordinates title and closing requirements, prepares settlement figures, and helps move the transaction toward closing. The buyer completes financing and due diligence while the seller addresses agreed
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A practical guide for Arizona buyers, sellers and real estate professionals. Learn seven practical ways to help prevent wire fraud during a real estate closing, recognize warning signs, and respond quickly to a suspicious transfer. To help prevent wire fraud during closing, establish trusted contacts early and independently verify every set of wiring instructions before
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An Arizona homebuyer’s guide to owner’s policies, covered title risks, exclusions and claims. Owner’s title insurance protects a homeowner’s financial interest against covered title defects and ownership claims connected to events that occurred before the policy date. Depending on the policy, coverage may address forged documents, undisclosed heirs, recording errors, unpaid liens or taxes, and
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An Arizona buyer’s and seller’s guide to access, utility, drainage and other property easements. An easement is a legal right that allows a person, utility, government entity or another property owner to use a specific portion of land for a stated purpose without owning that land. Common examples include utility, access, drainage and shared-driveway easements.
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An Arizona buyer’s and seller’s guide to Schedule A, title requirements, exceptions, and potential closing issues. A title commitment is an offer from a title insurance company to issue a title insurance policy after stated requirements are satisfied and subject to listed exceptions. It identifies the proposed insured parties, the property interest being insured, the
What Is a Title Commitment — and What Should You Look For? Read More »
A clear Arizona guide to title searches, escrow, closing funds, recording, and title insurance. A title and escrow company helps move a real estate transaction from an accepted contract to a completed closing. The title side researches ownership and potential title issues and can issue title insurance. The escrow side acts as a neutral third
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