Hazard Insurance (Homeowner's Insurance): Policy that insures property against fire and other casualties.
Holding Escrow: The deposit of consideration with a third party by interested party or parties, for the purpose of effecting terms of a contract of agreement between the parties. These escrows involve extensive escrow instructions, scheduled communications and monitoring of monies at specified levels. Our service allows the interested parties to focus on the transaction itself, with the security of Escrow of the West as an experienced third party providing management.
Flood Insurance: If flood determination obtained by your lender indicates that any portion of the property is located within a flood zone, a policy of flood insurance may be required by your lender.
Full Disclosure: The act of revealing all known facts that may affect a buyer's decision. It is also the broker's commitment to disclose known defects in the property for sale or lease.
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