If you sell investment property and earn money, you generally must pay taxes. However, Internal Revenue Code Section 1031 provides an exception that allows the Seller to postpone paying taxes when he reinvests the proceeds into a similar property (IRS). Read the article to learn more about the basic principles of a 1031 Exchange and consult with your tax professional or real estate attorney for further guidance.
An escrow officer is a highly-trained and experienced employee of a title company, independent escrow company, or real estate broker. Escrow officers act as neutral third parties to accomplish the closing of a real estate transaction.
Read the article to learn more about an escrow officer’s education, experience, and responsibilities in a real estate transaction. [Read more…] about What Is An Escrow Officer & What Are Her Responsibilities?
As you enter the official process of making an offer on your prospective home or negotiating the terms to sell your property, you will find yourself in escrow. [Read more…] about What Does It Mean When A House Is “In Escrow”?