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Ch 11 processing real estate loans
Ch 11 processing real estate loans
Ch 11 processing real estate loans
Ch 11 processing real estate loans
Ch 11 processing real estate loans
Ch 11 processing real estate loans
Ch 11 processing real estate loans
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Ch 11 processing real estate loans

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  • 1. Processing Real Estate LoansChapter 111
  • 2. Qualifying the Title• Notices—constructive notice and actual notice• Abstracts and opinion of title• Title insurance• Title faults• Surveys2
  • 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. 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. 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. Additional Costs• Prorations• Interest• Property taxes• Insurance premiums• Additional prorations6
  • 7. Additional Processing Concerns• Closing statements• Servicing the loan• Assignment of the loan7

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