Tax Impounds

Learn more about Tax Impounds.

Any time you buy or sell a house, a condo or some real estate property, there is tax money that needs to be put into an account to pay the taxes that are due during the duration of the sale. These tax funds are called tax impounds. When the sale papers are drawn up, the money for the tax impounds is usually written right into the paperwork so there is no question where the tax impounds money is coming from. If you have any questions about the tax impounds, be sure to check with your mortgage broker or banker.

Southwest Title Company has a loan service department to facilitate payments on transactions such as, but not limited to Notes secured by Deed of Trust, Notes secured by UCC Financing, Contract of Sale, AITD, Lease Options, Rental Agreements and HOA accounts payable and receivable. Why do homeowners need title insurance? Because any home, no matter how new or apparently secure, is built on land that has, undoubtedly, had many owners. Southwest Title Company has a loan service department to facilitate payments on transactions such as, but not limited to Notes secured by Deed of Trust, Notes secured by UCC Financing, Contract of Sale, AITD, Lease Options, Rental Agreements and HOA accounts payable and receivable. Your title insurance policy is your shield of protection and will defend your ownership against loss. You pay the premium for title insurance only once, and it protects you for as long as you and your heirs remain in ownership. Your title insurance policy is your shield of protection and will defend your ownership against loss. Real estate is such a basic form of wealth that there are many special laws that protect ownership of land and the buildings that are built on it. Your original premium amount is your only cost as long as you own the property and you will be protected against any unexpected claim covered by your policy. Southwest Title Company is appointed by the payee and payor to act as servicing agent for the receipt and disbursement of payments and the holding of original documents. Southwest Title Company has a loan service department to facilitate payments on transactions such as, but not limited to Notes secured by Deed of Trust, Notes secured by UCC Financing, Contract of Sale, AITD, Lease Options, Rental Agreements and HOA accounts payable and receivable. Title Insurance assures you that the home that you are purchasing is safely yours. As your title company, Southwest Title will perform a title search and uncover any unpaid taxes, mortgages, judgments against current and previous owners, easements and other court actions or recorded documents which can affect the title of the property. Your original premium amount is your only cost as long as you own the property and you will be protected against any unexpected claim covered by your policy.

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8215 South Eastern Avenue
Las Vegas, NV 89123

Phone: 702/ 838.0300
Fax: 702/ 939.7596

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Southwest Title, a full service Title Insurance firm, offering escrow services on virtually all types of transactions, including commercial, business sales (bulk sales), refinance, standard resale, contracts of sale, and all-inclusive trust deeds.

 

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