Check out our latest video to help people understand what goes on in an escrow!

Leave a Comment     Category: Escrow, Escrow 101, Important Information

The Foreign Investment in Property Tax Act (FIRPTA) is a certificate of non-foreign status. FIRPTA addresses the disposition of U.S. real property interest by a foreign person. Section 1445 of the Internal Revenue Code requires that all transferees (buyers) of real property owned by a foreign person withhold and pay to the IRS up to […]

Leave a Comment     Category: Important Information, Real Estate News

One of our priorities here at CV Escrow is to ensure we keep you informed about topics affecting our industry! So, we wanted to share with you a few details about a pretty hot topic: Social media + RESPA We all love social media. It’s awesome! It allows us to stay in touch with friends, […]

Leave a Comment     Category: Important Information

The language of escrow and the real estate transaction doesn’t need to be a stumbling block; once you know the terms, these words become what they are meant to be – valuable tools to help smooth the road to a successful transaction. Contingency This is a clause in the sales contract that says something must […]

Leave a Comment     Category: Escrow, Escrow 101, Important Information

On July 26, 2016, the Financial Crimes Enforcement Network (“FinCEN”), a bureau of the United States Department of Treasury, issued a Geographical Targeting Order (“GTO”) requiring title insurers, their subsidiaries and agents, to report certain information in connection with the purchase of 1-4 unit residential real properties in Covered Transactions. A “Covered Transaction” is an […]

Leave a Comment     Category: Important Information, Real Estate News

When dealing with as many people as a real estate agent does throughout the normal, daily routine, keeping track of names, faces, numbers and affiliations can be a challenge. A good real estate agent works with many personalities throughout the day, and in order to keep the business thriving, it is important to organize and […]

Leave a Comment     Category: Coaching, How To, Important Information

Many people don’t realize that there’s a difference between what they own personally and what their home owns, and when it comes time to sell, the confusion can cause a lot of problems. Take the period chandelier in your entryway, for example. It’s the perfect example of personal versus real property. So, who does it […]

Leave a Comment     Category: Important Information, Real Estate News

Buying a home is one of the biggest investments you will ever make, but it can also be one of the best if you take advantage of different tax breaks. There are a variety of them available and they can save you big money each year if you’re willing to spend the time itemizing your […]

Leave a Comment     Category: Important Information, Real Estate News

C.L.U.E.® Home Sellers Disclosure Reports will no longer be available through CV Escrow or any other disclosure companies. LexisNexis®, the company that owns the C.L.U.E.® Report, has decided to discontinue the sale of the report through third party vendors such as California disclosure companies. Should a buyer request this report, sellers can obtain one free copy of […]

Leave a Comment     Category: Escrow, Important Information

The CFPB is requiring that the owner’s policy be disclosed as “optional” due to the fact that unlike the lender’s policy which is required by most institutional lenders in the country, an owner’s title insurance policy is not a transactional requirement nationwide. This new descriptor was written to and applied nationwide with no allowance for […]

Leave a Comment     Category: CFPB, Escrow, Important Information

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