Title, Escrow & Closing

Documents, transactions and terminology are explained & discussed, so you know what to expect during the purchase process.

19
Hrs
Mins
Secs
4
13
47
SEGMENTS DURATION
More Classes
Instructor Profile

Christina Moser

Title, Escrow & Closing Course Description

After you find the deal, put it under contract, and finance it, let us help you close the deal by completing the sale process and getting paid on your investment. As an investor you only make money on an investment when you close the sale! Christina Moser takes you through a detailed examination of each part in a transaction, how to avoid bumps in the road and be familiar with the actual documents and paperwork you will see at the closing table. Be aware of many ways a title company can assist you with different types of transactions, such as subject-to and lease options, as well as the benefits of title insurance. Gain access to all the resources from title companies and banks that are available to investors. Strengthen your investments and minimize risk when you work with a capable title team and understand the title process!

  • 1

    Pre-Assessment

    Take this pre-assessment to find out what you already know.

  • 2

    Introduction

    Christina Moser’s extensive experience in real estate investing, mortgage lending, construction, and title services has taught her that understanding title and closing procedures is essential to successfully completing any real estate investment strategy.

  • 3

    Coverage & Leads

    Title insurance is a one-time purchase that provides lifetime protection against hidden title risks, including forgery, fraud, incompetence of a prior owner, undisclosed claims, and legal challenges to ownership.

  • Show all 19 segments

    • 4

      Schedules A & B

      A detailed walkthrough of title reports and title commitments explains how they help identify ownership, liens, taxes, easements, restrictions, and other issues that affect a property's title.

    • 5

      Purchase Contracts & Clearing Exceptions

      Receiving a title commitment more than a formality – it’s a critical step that investors, buyers, and agents should carefully review against the purchase contract, including ownership information, purchase price, lender details, and property identification.

    • 6

      The Role of Escrow

      Understand the role of escrow in real estate transactions and how earnest money is held during the escrow period, the title company's fiduciary responsibility, and the importance of completing inspections, appraisals, loan approvals, and title reviews before closing.

    • 7

      Seller Financing & Title Cooperation

      Know the legal and practical considerations involved in Notices of Interest (NOIs), seller financing, subject-to transactions, the importance of clear written agreements, title review, and consultation with mortgage professionals.

    • 8

      Due On Sale Clause Concerns

      Understand the due-on-sale clause found in most mortgage documents, how it affects seller-financed and subject-to transactions, and the importance of fully documenting these transactions while carefully evaluating the risks.

    • 9

      Seller Financing Considerations

      Understand the critical risk-management considerations when structuring seller-financed and subject-to transactions, as well as the benefits and potential drawbacks of using a third-party escrow servicing company to collect and distribute payments.

    • 10

      Seller Financing Structure Methods

      Master the four primary seller-financing structures that title companies can support and insure: loan assumptions, seller carryback notes secured by a deed of trust, lease options, and installment contracts.

    • 11

      Methods & Contracts

      Explore seller financing through the lens of loan assumptions, understanding the differences between true (full) assumptions and silent assumptions.

    • 12

      Seller Financing Addendum

      Know how seller financing works when a seller carries back part of the purchase price through a promissory note secured by a deed of trust. Then the segment covers key components of a seller finance addendum.

    • 13

      Insurance & Subject To Considerations

      Discuss how title insurance, all-inclusive seller financing documents, and subject-to transactions should be structured to protect both buyers and sellers.

    • 14

      Lease Options Part 1

      Know how a lease agreement with an option to purchase (lease option) can provide flexibility and protection for both buyers and sellers. Master the distinction between option money and security deposits.

    • 15

      Lease Option Part 2

      Lease-option agreements can be powerful tools when structured correctly with home warranties, planning for unexpected events, and the need to carefully review assignment clauses that may prohibit transferring the agreement to another buyer.

    • 16

      Installment Contracts

      Know how to use Installment contracts, when the buyer makes payments directly to the seller and receives possession and an equitable interest in the property, while the seller retains legal title until the contract is fully paid.

    • 17

      Lease Option Q&A

      Our instructor answers practical questions about contract-for-deed transactions, notices of interest, lease options, and due-on-sale clauses.

    • 18

      Bankruptcy Issues & Closing Thoughts

      Understand how bankruptcy can affect lease-option agreements and the rights of both buyers and sellers. Know the importance of recording a Notice of Interest, exercising purchase options when appropriate, and staying actively involved.

    • 19

      Post-Assessment

      Take this post-assessment to see how much you've learned.

  • 19

    Post-Assessment

    Take this post-assessment to see how much you've learned.