Maryland Real Estate - Chapter 32
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12 Terms
what should a buyer always do
a title search
what is the settlement agent supposed to sell at closing
title insurance
what might lenders always require in order to protect themselves
title insurance for the lender
what is included in an escrow agent agreement
amount of earnest money deposit
date money received
escrow notify of insufficiency
conditions of funds to be released
where can closings be conducted
at title company, attorneys office, lenders office, or brokers office
who should supervise settlement
an attorney
who is not usually at closings
the broker
when should a closing disclosure be given
before settlement
who is responsible for ad valorem taxes, special assessments, and utilities
the seller
when should settlement agent show proof of mortgage release to sellers
within 30 days
what is a boundary survey
shows physical extent of boundarieswh
what is a location drawing
plat with improvements