Page 3 - CTT buyer Seller 2021_English_Flipbook_1
P. 3

TABLE OF CONTENTS
CHICAGO TITLE CALIFORNIA BUYER & SELLER GUIDE
Introduction to Chicago Title
The Title Insurance “Value Proposition” – 10 Reasons Contact Sheet of Transaction Parties
Title Insurance
What is Title?
Why You Need Title Insurance
Life of a Title Search – Flowchart
Comparison of Title Policies
Homeowner’s Title Policy Comparison Chart Homeowner’s Policy of Title Insurance
The Interim Binder
What is the Preliminary Report?
Statement of Information – Why is it Needed? Vesting Chart – Common Ways of Holding Title
Escrow
What is Escrow?
The Escrow Process
Life of an Escrow
Red Flags in the Escrow/Title Process The Short Sale Escrow
What is Wire Fraud?
Closing
Other Parties to an Escrow Transaction Disclosure Reports
The Loan Process
Loan FAQs
PMI “Private Mortgage Insurance” Taxes
Real Property Tax Dates
Closing Costs and Who Pays What
Terms
Glossary of Terms
4 5
6
9 10 11 12 13 15 16 17 18
1 9 20 21 23 25 26
27 29 30 31 32 33 35
37 38
  
































































   1   2   3   4   5