title policy

CRAIG BLACKMON IS A REAL ESTATE ATTORNEY, BROKER, AND INNOVATOR IN SEATTLE.

Title Contingency

Title Contingency A specific type of contingency. A title contingency allows a buyer to inspect and approve the preliminary title report before the contract becomes binding. This gives the buyer a chance to identify encumbrances on title that may affect the...

Closing Costs

Closing Costs Closing costs are incurred and paid at Closing.¬† Both the buyer and the seller incur them. Generally speaking, the seller’s costs at closing include the excise tax (1.78% here in the Seattle area), one half the escrow fee, the costs of a title...

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