According to data from the National Association of Realtors and the U.S. Census Bureau, approximately 5,090,000 existing/used homes and 429,000 new homes were sold in 2013. While the housing market is still recovering from the 2010 crash, sales are on the rise. This has prompted many individuals and families to buy their first home.
Escrows are often used in conjunction with home mortgages for convenience and liability purposes. Unfortunately, many people are confused regarding the actual purpose of mortgage escrows and how they work. Being forced to bundle multiple payments together adds even greater confusion to the already complicated process of closing on a home. For a better understanding of mortgage escrows, keep reading.
Do you operate a car or truck dealership business? If so, you’re probably well aware of just how painstakingly slow the sales process can be. It’s not uncommon for consumers to spend three or four hours finding the right vehicle, negotiating a price, obtaining financing, and completing all of the necessary paperwork. This can easily bog down even the well-run dealership, costing it sales and customer satisfaction.