Chapter 14: Escrow and Title Insurance

1
Chapter 14 Escrow and Title Insurance

• Lecture Outline

2
Escrows

• Escrow instructions
• Escrow duties
• Escrow agents
• Designating the escrow holder
• Licensing
• Prohibitions
• Prohibitions on broker/escrow
• Disclosures

3
Escrows (cont.)

• Possession and risk of loss
• Termination of escrow
• Buyers deposit
• Escrow charges and prorating
• Doctrine of relation book

4
Title Insurance

• Preliminary title report
• Homeowner standard policy coverage
• Homeowner extended coverage policy
• Lender extended coverage policy
• Lender extended coverage exclusions
• Special policies
• Policy interpretation
• Title insurance companies
• Rebate law