Escrow Timeline Worksheet
Ho‘okele Title and Escrow is here to keep you on course. Our team is here to provide tools, professional communication, and successful follow-through. The purpose of this complimentary tool is to track important deadlines throughout the escrow process. It is suggested that you detail the transaction from the Purchase Contract and fill in the actions areas in yellow for the timeline to generate. For questions and additional information, please contact your local Business Development Manager.
Title & Escrow Resources
What is escrow?
Think of escrow as the hub of a wheel that brings all parties together in the transaction. The escrow company is a neutral third party that holds all the money, contracts, and legal documents until the parties are ready to close the transaction. View the video to learn more.
What does escrow do?
Upon request, escrow provides copies of the real estate purchase contract, earnest money deposit, and escrow instructions to the lender at the beginning of the transaction. For more detailed information about escrow, click here.
Steps for a Successful Escrow
Learn more about the responsibilities of an escrow officer with this flow chart and rough timeline of events.
Click here to download the PDF and learn more about the steps for a successful escrow.
Closing Costs: Who Pays What?
Understand what costs sellers should be expected to cover, and which closing expenses buyers will incur during the process.
Click here to download the PDF and learn more about closing costs.
Understanding Title Insurance
If you’ve purchased a home you may be familiar with the benefits of title insurance. However, if this is your first home you may wonder, “Why do I need yet another insurance policy?” Get the answers to the most frequently asked questions regarding title insurance here.
Why Do You Need Title Insurance?
The purchase of a home is most likely one of the most expensive and important purchases you will ever make. You and your mortgage lender want to make sure the property is indeed yours and that no individual or government entity has any right, lien, claim, or encumbrance to your property. Click below and watch the following video to learn more.
Click here to download the PDF and learn more about why you need title insurance.
The Home Buying Process
This guide walks you through the journey of buying a home, the expected process, and milestones.
Click here to download the PDF and learn more about the home buying process.
The Home Selling Process
This guide walks you through the journey of selling your house, the expected process, and milestones.
Click here to download the PDF and learn more about the home selling process.
Tenancies in Hawaii
There are many types of tenancies available in the state of Hawaii, click below to learn more.
Click here to download the PDF and learn more about tenancies in Hawaii.
The Title Search Process
Curious to learn more about the typical life of a title search? Click the link below to read more about the process.
Click here to download the PDF and learn more about the title search process.
Property Profile vs. Preliminary Title Report
What are the roles of a Property Profile and a Preliminary Title Report? The Property Profile helps Real Estate and MLS professionals obtain a quick view of the property in question.
A Preliminary Title Report contains conditions under which the title company will issue a particular type of title insurance policy.
Click here to download the PDF and learn more about Property Profiles and Preliminary Title Reports.
FIRPTA - Foreign Investment in Real
Property Tax Act
Under the provisions of the Foreign Investment in Real Property Tax Act (FIRPTA), the buyer of a United States real property interest from a foreign person is required to withhold as much as 15% of the sales price and forward the funds to the IRS with the required documentation on the seller’s behalf.
Click here to download the PDF and learn more about FIRPTA.
HARPTA - Hawaii Real Property Tax Act
HARPTA is a Hawaii State 7.25% withholding obligation imposed on the transferee/buyer when Hawaii real property interest is acquired from a non-resident person. This withholding serves to collect Hawaii income tax that might be owed by a nonresident. Click below for more info.
Click here to download the PDF and learn more about HARPTA.
Protect what you have from cyber-criminals, fraud schemes, and other potential threats by staying up-to-date with these best practices to keep your resources and assets safe.
Red Flags: What to Look For
As your title partner, we want all of your transactions to close smoothly. While not every problem can be anticipated, there are several common “red flags” that you should watch for early on in the transaction in order to avoid delays in closing.
Click here to download the PDF and learn more about the “red flags” to watch out for.
Criminals may try to impersonate real estate agents in an attempt to access your assets. Learn more about wire fraud in the link below.
Click here to download the PDF and learn more about wire fraud.
Fraud Schemes—What You Need to Know
Fraud and scams are widespread in today’s world, and the real estate industry in particular is hit hard. Real estate transactions are becoming an increasing target for fraud. What can be done to keep you and your clients safe?
Click here to download the PDF and learn more about how you can help combat fraud.
Protect What You Have From Cyber-Criminals
Cyber-criminals are constantly looking for new victims to wire them commissions, sales proceeds, or deposits. Real estate transactions are especially vulnerable. Click the link below to see how you can help guard your money.
Click here to download the PDF and learn more about protecting what you own from cyber-criminals.
We look forward to assisting you on your home buying and selling journey.
Have questions? We are here for you.
Get in touch by visiting our office, giving us a call, or sending us a message.
75-5722 Hanama Place
Mailbox #5, Suite 1107
Kailua-Kona, HI 96740