Processing Real Estate LoansChapter 111
Qualifying the Title•   Notices—constructive notice and actual notice•   Abstracts and opinion of title•   Title insurance...
Disclosures in California Real Estate           Transactions•   Real estate transfer disclosures•   Delivery of a pest con...
Disclosures in California Real Estate        Transactions, cont.•   Special flood area disclosure•   Special city and coun...
Costs of Securing a Loan•   RESPA requires good-faith estimate•   Points•   Placement or origination fee•   Impound funds ...
Additional Costs•   Prorations•   Interest•   Property taxes•   Insurance premiums•   Additional prorations6
Additional Processing Concerns• Closing statements• Servicing the loan• Assignment of the loan7
Upcoming SlideShare
Loading in …5
×

Ch 11 processing real estate loans

281 views
246 views

Published on

Published in: Economy & Finance, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
281
On SlideShare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
1
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Ch 11 processing real estate loans

  1. 1. Processing Real Estate LoansChapter 111
  2. 2. Qualifying the Title• Notices—constructive notice and actual notice• Abstracts and opinion of title• Title insurance• Title faults• Surveys2
  3. 3. Disclosures in California Real Estate Transactions• Real estate transfer disclosures• Delivery of a pest control inspection report• Disclosure of geological hazards• Disclosure of hazardous waste deposits• Thermal insulation disclosure3
  4. 4. Disclosures in California Real Estate Transactions, cont.• Special flood area disclosure• Special city and country ordinances• Foreign investment real estate tax• Condominium documents disclosure• Disclosure for real property loans 4
  5. 5. Costs of Securing a Loan• RESPA requires good-faith estimate• Points• Placement or origination fee• Impound funds (escrow accounts)• Property taxes• Hazard insurance• Title insurance• Mortgage insurance• Assessment liens• Interest adjustments• Prepayment penalties5
  6. 6. Additional Costs• Prorations• Interest• Property taxes• Insurance premiums• Additional prorations6
  7. 7. Additional Processing Concerns• Closing statements• Servicing the loan• Assignment of the loan7

×