1. Explain the importance of having an Escrow Checklist?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Discussion Questions to answer for your initial post:
1. Explain the importance of having an Escrow Checklist?
2. What is an Escrow Settlement Sheet (AKA HUD1 or Closing Document)? What is its role in an Escrow Transaction?
3. When and for what purpose would an Escrow Officer order a Request for Full Reconveyance?
4. Why is it advisable, and the Lender will require as a condition of funding, the Buyer to obtain a Policy of Fire Insurance? What typically does a
Insurance cover against, and what two important items does a standard Fire Policy not cover?
Transcribed Image Text:Discussion Questions to answer for your initial post: 1. Explain the importance of having an Escrow Checklist? 2. What is an Escrow Settlement Sheet (AKA HUD1 or Closing Document)? What is its role in an Escrow Transaction? 3. When and for what purpose would an Escrow Officer order a Request for Full Reconveyance? 4. Why is it advisable, and the Lender will require as a condition of funding, the Buyer to obtain a Policy of Fire Insurance? What typically does a Insurance cover against, and what two important items does a standard Fire Policy not cover?
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