Use this Title and Escrow Terminology to Help You Through the Process

July 18, 2017

When it comes to real estate and title, you might be surprised at the amount of industry terminology that more than likely you are not using on a daily basis. From the finances to escrow, there are various elements involved in the real estate process, each requiring a specific vocabulary. With regards to title and escrow, industry jargon can often be difficult to follow. Learn some of the terminology so that you’re better able to understand the title and escrow process during your next real estate transaction.

Chain of Title

A listing of a property’s owners from the first owner to the current owner.

Clear Title

A title to a property without any encumbrances.


The last stage of the real estate process where the final transaction is made and the title is transferred from the seller to the buyer.

Cloud on Title

Something that would inhibit a clear title like a document or encumbrance. read more

Learn How Real Estate Withholdings Effect Your Property Sales

July 11, 2017

As of 2003, real estate withholdings in California have become commonplace for both residents and non-residents alike. It’s important to understand how withholdings work so that you’re prepared for the real estate process. Find out more about these withholdings so that you’re well informed for your property sale.

About California Withholdings.

California law requires real estate withholdings for both residents and non-residents. When a buyer submits an offer on a property, a portion of profit that would be paid to the seller is withheld in taxes. Current withholdings are priced at three and a third percent of the gross sale price. Withholdings must be paid to the state by the 20th day following the transfer of the property’s title.

Generating More Revenue.

The decision to pass legislation to require property withholdings for California residents came in 2002. To help balance the state budget, the withholdings were estimated to being $285 million dollars to the state.

Withholding Exemptions.

There are certain exemptions that may apply. As a seller, you must submit the proper paperwork and sign a document that states that they are eligible for exemption. There may be exemptions for involuntary conversion of property and tax deferred exchanges. Additionally, there are exemptions if the property is being sold for $100,000 or less. If the property is being sold for a loss or if the property is a principal residence for individual owners, you may qualify for an exemption. read more

Refinancing Your Home? Learn Why Your Lender Requires Title Insurance

July 6, 2017

Refinancing your property has its benefits. In fact, it’s often a great way to take advantage of lower interest rates. However, it’s important to consider all the elements involved. When refinancing, your lender will very likely require that you invest in title insurance. Learn more about why title insurance is required for refinancing your property.

Refinancing Requires a New Loan.
When refinancing your property, the process treats the transaction as a new loan. With a new loan, your previous insurance does not carry over. Instead a new title insurance policy is required. read more