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5 REASONS SCHOOL DISTRICTS MATTER EVEN IF YOU DON’T HAVE ANY CHILDREN

After putting so much attention and detail into selecting the right home for you, one thing you should consider is the school district and rating of the schools in your neighborhood. This can have a huge impact on the value of your property and the overall enjoyment of your neighborhood. Here are some things EscrowOne, Inc. would like you to consider if you're buying a home, whether you have children or not.

WHO WILL BE MY NEXT BUYER IF I DECIDE TO SELL?
Although this may be the right home for you now, you should always consider your next move. The ratings of schools and school districts is one of the most sought out reasons and deciding factors when shopping for a new home. Even if you have no children, your next buyer may have children or grandchildren and be in the market for a neighborhood that offers great atmosphere and schools. Always consider your future needs as well as your current desires.

MORE MONEY SPENT ON SCHOOLS EQUALS MORE MONEY SPENT ON HOMES
There's a correlation between school expenditures and home values in any given neighborhood, according to the National Bureau of Economic Research. Their report, "School Spending Raises Property Values," found that for every dollar spent on public schools in a community, home values increased $20. This can equal resale money for you when closing your escrow with EscrowOne, Inc.

See more at http://escrowone.com/5-reasons-school-districts-matter-even-if-you-dont-have-any-children/
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SPRING AHEAD & SPRING CLEANING

We Spring Ahead this Sunday, March 11th at 2:00am (officially).

This is a great time to Spring clean! EscrowOne, Inc. would like to share their tips with you. Start with organizing, then share, clean and replace.

4 Clean Out Musts

1. Go through closets, drawers, cupboards and simply declutter counters, shelves and tables. This is always something we need to force ourselves to do, but we are always so exhilarated with the end results.

2. Share any unused or un-needed items with Goodwill or a charity local and dear to you. Items we haven’t removed from our closet can greatly help someone of need. A good rule of thumb is, if it has not been used in the last 6 months, then you do not need it.

Get more tips at http://escrowone.com/spring-ahead-spring-cleaning/
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ARE MY PROPERTY TAXES DUE?

Taxes, as well as buying and selling real estate, can be very overwhelming. Real Estate Property Taxes are included in every Escrow transaction and can be confusing because it’s always paid and prorated differently depending on the time of year. EscrowOne, Inc. will make every effort to give you an understanding of the Property Tax due dates, delinquent dates as well as the prorations credited through Escrow.

Property Taxes are due in two installments/payments. Each billing cycle starts at the end of one year and ends in the spring of the next year.

While in Escrow, Taxes are usually paid current and then prorated so the seller and buyer are only paying property tax for the time-period they own the property. The Buyer’s new lender is usually the one who will determine if taxes must be paid through the file, or if they will collect enough at the closing, to pay themselves, when they are due.

Click here: http://escrowone.com/are-my-property-taxes-due/ to see the tax proration chart and property tax due dates to help you determine what may be required of you during your upcoming transaction.

EscrowOne is always happy to answer any questions and explain your transaction to your full contentment, providing you with confidence that you made the right choice with EscrowOne, Inc.

ESCROWONE, INC. – PALM DESERT
LICENSE # 863-1653
44200 Town Center Way, Ste 102, Palm Desert, CA 92260
Ph: 760-836-1881 Fax: 760-836-1887
Call or Email:
Priscilla Garcia at Priscilla@escrowone.com
or
Traci Keller at Traci@escrowone.com
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5 MISTAKES BUYERS SHOULD AVOID

Congratulations! Your offer was accepted by the Seller. Now it’s time for opening Escrow, inspections, paperwork and planning “the move”! Your Closing day is set and only 30-45 days away. Although, this time will go by quickly, there is still so much to do and some things you should not do. EscrowOne, Inc. would like to remind you to not make these 5 mistakes while in Escrow. This can avoid potential problems with your lender and keep your transaction moving forward within your set time frames. While you can breathe a little easier, remember, EscrowOne, Inc. is there to guide you making your experience as easy as possible so can be enjoying your new home before you know it. Here are the 5 mistakes to avoid while qualifying to buy a home or while in Escrow.

1. Don't change your job
A change in your employment during this process can enable you from receiving some types of loans. Employment stability is key! Most lenders prefer having a two-year job history in hand, so making a big career move could slow things down, or squash the deal entirely. A steady history of employment can offer you more loan options. Speak to the Lender of your choice if it is necessary to change your job and to hear what the best options are for you.

2. Don't change your income-to-debt ratio
One of the main factors the lender considers when qualifying you for your loan, is the ratio of your monthly income to your monthly debt. Your lender will check your financials several times before the closing of your loan and transaction. While it is tempting, don't take out a big loan for improvements on the new place. Even more tempting, don’t buy a new boat or sign the lease on your new dream car that will look perfect in your new driveway. The bank will see this as new debt and will need to look at your financials again to see if you still qualify for your desired loan amount. In some situations, it may cause you to no longer qualify at all.

3. Don't open new credit cards
This is the perfect furniture and appliances for my new home! We know, but don’t do it! Opening new credit accounts will again cause you financials and credit score to change and may trigger a new loan approval, jeopardizing your purchase. For now, just add those items to your shopping cart and push the button to purchase once your loan is closed.

4. Be present!
Always be sure to keep in touch with your lender and Escrow Officer. The Lender of your choice and EscrowOne will keep you informed of the time line so you can be readily available to immediately address any last-minute concerns and to execute documents as needed.

5. Be current!
Even though selling and buying at the same time can be chaotic, be sure to stay current with all bill payments. Late payments, too, can affect your credit score when financials are checked again just prior to closing the purchase of you new home.

If you need more information on the Escrow process, of the purchase of a home, your favorite EscrowOne Escrow Officer would be happy to answer any of your questions. Find an experienced Escrow Officer below.

ESCROWONE, INC. – PALM DESERT
LICENSE # 863-1653
44200 Town Center Way, Ste 102, Palm Desert, CA 92260
Ph: 760-836-1881 Fax: 760-836-1887
Call or Email:
Priscilla Garcia at Priscilla@escrowone.com
or
Traci Keller at Traci@escrowone.com
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Prepare Your Family for an Emergency – EARTHQUAKE SAFETY

Initial mild shaking may strengthen and become extremely violent within seconds. Additional earthquakes, called aftershocks, may follow the initial earthquake. Most are smaller than the initial earthquake but larger magnitude aftershocks also occur. Earthquakes may cause household items to become dangerous projectiles; cause buildings to move off foundations or collapse, damage utilities, roads and structures such as bridges and dams, or cause fires and explosions. They may also trigger landslides, avalanches, and tsunamis.

All 50 states and 5 U.S. territories are at some risk for earthquakes. The risk is higher in identified seismic zones including the San Andreas Fault in California, the Cascadia Subduction Zone in western Oregon and Washington and Alaska, the New Madrid Fault Zone spanning areas in Missouri, Arkansas, Tennessee, and Kentucky, and areas on the east coast including the mid-Atlantic, coastal South Carolina and New England..

Earthquakes can happen at any time of the year and occur without warning, although they usually last less than one minute. Aftershocks following the initial earthquake may occur for hours, days, or even months. Earthquakes cannot be predicted — although scientists are working on it!

Before An Earthquake

1. Before an earthquake occurs, secure items that could fall or move and cause injuries or damage (e.g., bookshelves, mirrors, light fixtures, televisions, computers, hot water heaters. Move beds away from windows and secure any hanging items over beds, couches, cribs or other places people sit or lie.

2. Practice how to “Drop, Cover, and Hold On!”
Plan and practice how to Drop to the ground, Cover your head and neck with your arms, and if a safer place is nearby that you can get to without exposing yourself to flying debris, crawl to it and Hold On to maintain cover.
To react quickly you must practice often. You may only have seconds to protect yourself in an earthquake.

3. Store critical supplies (e.g., water, medication) and documents.

KEEP READING:
https://www.ready.gov/earthquakes
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Prepare Your Family for an Emergency – FIRE SAFETY READY

HOME FIRES:

Each year more than 2,500 people die and 12,600 are injured in home fires in the United States. But unlike other disasters, home fires can be prevented! It’s important to know this: Fire is fast! There is no time to gather anything or make a phone call. In just two minutes, a fire could kill you. In five minutes, a house could be swallowed in flames.

Fire is hot! Heat and smoke could be even more dangerous than the flames. Breathing in really hot air could burn your lungs, and fire produces poisonous gases that can make you sleepy and unable to escape. Fire is dark! It can be hard to find your way out of your house in a fire. Fire is deadly! Fire uses up oxygen you need to breathe and produces smoke and poisonous gases that kill.

1. Create a fire escape plan and practice it twice a year.
2. Have smoke alarms in every bedroom and every floor of the house.
3. Remind your parents to test the smoke alarms in your house every month.
4. Find two ways to get out of each room. A window might be a second way if the door is blocked by fire or smoke.
5. Practice feeling your way out of the house in the dark or with your eyes closed.
6. Sleep with your door closed. It helps prevent fires from spreading quickly.

KEEP READING:
https://www.ready.gov/kids/know-the-facts/home-fires

MORE HELPFUL LINKS ON FIRE SAFETY:
https://www.ready.gov/wildfires
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Prepare Your Family for an Emergency - MAKE A PLAN

EscrowOne wants to keep you and your home safe - Prepare. Plan. Stay Informed.

Be "In the Know" with these guidelines for protecting your family and your property as best you can.

ADDRESS YOUR HOMES VULNERABILITIES
Homeowners often feel helpless against destructive weather. But there are storm-specific home improvement strategies that can lower the risk of your home being damaged. In the case of hurricanes, for instance, you can mount storm shutters, build a safe room or install hurricane straps to help keep your roof in place when fierce winds blow. In many instances preparing against one threat can protect you from others as well. Below are some examples of things you can do to protect your home.

1. Ensure that both the new roof covering and the sheathing it attaches to will be resist to high winds.

2. Secure large objects like bookcases and refrigerators to floor or walls.

3. Turn off utilities, propane tanks, and unplug small appliances.

4. Check your sump pump to make sure it is in proper working order.

5. Install impact resistant window systems or shutters that close over window openings.

6. Clean out gutters and downspouts.

7. Trim back trees and shrubs.

8. Fuel and maintain family vehicles

9. Entry doors should have at least three hinges and a bolt security lock at least one inch long.

10. Buy non-perishable food and bottled water.

MAKE A DISASTER PREPAREDNESS PLAN
Everyone needs to be prepared for the unexpected. You, as well as your family and friends, will most likely not be together when disaster strikes. How will you find each other? Will you know if your children or parents are safe? You may have to evacuate or be confined to your home. What will you do if water, gas. electricity or phone services are shut off?

1. Gather information about hazards.
2. Meet with your family to create an emergency plan.
3. Implement your plan.
4. Practice and maintain your plan.

BUILD A DISASTER SUPPLY KIT
A disaster supplies kit is simply a collection of basic items your household may need in the event of an emergency. Try to assemble your kit well in advance of an emergency. You may have to evacuate at a moment's notice and take essentials with you. You will probably not have time to search for the supplies you need or shop for them.

The Basics
• Water
• Non-perishable food
• Battery-powered or hand-crank radio
• Flashlight
• Extra Batteries
• First aid kit
• Whistle
• Dust mask
• Moist towelettes
• Garbage bags
• Wrench or pliers
• Can opener
• Local maps
• Cell phone with charger

Additional Items
• Prescription medication
• Infant formula and diapers
• Pet food and water
• Important family documents
• Cash, traveler's checks and change
• Emergency reference information
• Sleeping bags and blankets
• Fire extinguisher
• Waterproof matches
• Mess kits
• Toiletries
• Activities for kids

Check out the PDF link goo.gl/QvtZi2 for MANY ideas on how to prepare for any emergency.

Visit www.ready.gov/make-a-plan to download an emergency plan template you can tailor to your family's needs!
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WHY DO I NEED TITLE INSURANCE?
Title insurance protects real property owners and lenders against any property loss or damage they might experience because of liens, encumbrances or defects in the title to the property. Each policy of title insurance is subject to specific terms, conditions and exclusions.

HOW DOES IT PROTECT ME?
Title insurance protects against future claims from defects. Defects are caused by another person claiming an ownership interest as well as improperly recorded documents, fraud, forgery, liens, encroachments, easements and other items that are specified in the preliminary title report which is issued prior to issuing a title insurance policy.

IS IT THE SAME AS MY FIRE INSURANCE?
Insurance such as fire insurance, in addition to life, health, etc., protects against potential future events and is paid for in advance with monthly or annual premiums. Whereas, title insurance policies insure up to the day escrow closes, against events that occurred in the past and to the close of the real estate property and the people who owned it, for a one-time premium paid at the close of the escrow.

WHAT IS REQUIRED?
To purchase Title Insurance an Escrow must be opened. All lenders require title insurance to be insured against various possible title defects. In sales with no loan, it is still advantageous to all parties to purchase Title Insurance to protect and guarantee free and clear title. The buyer, seller and lender all benefit from issuance of title insurance. EscrowOne, Inc. is experienced in all types of escrows and is skilled to assist you in your next transaction.

HOW IS A TITLE INSURANCE POLICY CREATED?
After the Escrow Officer or lender opens the title order, the Title Officer begins a title search. A Preliminary Report is issued to the customer and to EscrowOne for review and approval. All closing documents are recorded upon EscrowOne’s instruction. When recording has been confirmed, demands are paid, funds are disbursed, and with all items met and/or cleared the actual title insurance policy is created.

WHAT ARE THE TITLE INSURANCE POLICY TYPES?
The Owner’s Policy insures the new home owner/buyer, and a lender’s policy insures the priority of the lender’s security interest.

Call EscrowOne, Inc. today with any questions in regard to Title Insurance Companies in your area and the Escrow process.

ESCROWONE, INC. – LANCASTER
LICENSE # 963-2613
43832 20TH Street West, Ste. 102, Lancaster, CA 93534
Ph: 661-945-6991 Fax: 866-304-1745
Email: Donna@escrowone.com or Maria@escrowone.com

ESCROWONE, INC. – PALM DESERT
LICENSE # 863-1653
44200 Town Center Way, Ste 102, Palm Desert, CA 92260
Ph: 760-836-1881 Fax: 760-674-1090
Email: Roberta@escrowone.com

ESCROWONE, INC - SCRIPPS RANCH
LICENSE # 96DBO-48775
10660 Scripps Ranch Blvd., Ste. 102, San Diego, CA 92131
Ph: 858-635-5177 Fax: 858-549-7124
Email: Barbara@escrowone.com

ESCROWONE, INC. – ESCONDIDO
LICENSE # 96DBO-46186
700 La Terraza, Blvd., Ste. 100-B, Escondido, CA 92025
Ph: 760.740.6500 Fax: 760.740.6501
Email: Helga@escrowone.com
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WHAT IS A 1031 EXCHANGE AND IS IT RIGHT FOR ME?

A 1031 Exchange is simply a swap of “like kind” real property that is sold and bought through the 1031 Exchange process to tax defer the proceeds of a property. Certain guidelines and some fees may apply and we advise you to speak to a professional 1031 Company of your choice to determine the fees that are applicable to you.

The most common type of 1031 Exchange is used for real estate. In general, any type of U.S. real property held in title by the client for productive use in a trade or business, or for investment purposes can be exchanged for other real property if the properties are of “like-kind”, regardless of grade or quality.

WHAT IS “LIKE KIND” PROPERTY?

There is two ways to determine if your properties are “Like Kind” and will qualify for IRC §1031 tax-deferral treatment.
First, both the Relinquished and the Replacement Properties must be held in title, by the exchanger, in the same manner. These properties can be for investment purposes or for productive use in a trade or business as the definition goes.

Secondly, the Relinquished and the Replacement Properties must also be “like-kind.” The term “like-kind” refers to the nature or character of the property, ignoring differences of grade or quality. Below is a list of some examples, however for further information, or to see if your properties qualify as “like kind” properties, please consult your 1031 Exchange Specialist.

Raw land or farmland for improved real estate

Oil & gas royalties for a ranch

Fee simple interest in real estate for a 30-year leasehold or a Tenant-in-Common interest in real estate

Residential, Commercial, Industrial or Retail rental properties for any other real estate

Rental ski condo for a three-unit apartment building

PLAN AHEAD AND BE PREPARED

A successful IRC §1031 exchange transaction requires planning, expertise and support. Your 1031 Exchange Specialist of choice can assist and guide you by explaining the various types of exchanges, discussing the options that may minimize or eliminate any negative tax impact, providing exchange documents, and safeguarding your exchange funds while completing your process. Laying the proper groundwork before entering into an exchange will avoid unnecessary obstacles and lead to a smooth transaction.

STEP 1. Contact your 1031 Exchange Specialist In advance, prior to entering into Escrow and before the closing date, or after entering into the purchase and sale agreement, advise us of your intent to do an exchange and contact a company of your choice immediately. The 1031 Company will work closely with your EscrowOne, Inc. and will prepare the appropriate Exchange Agreement, Assignments, and other documents that must be executed prior to closing of the Real Property or Relinquished Property being sold.

STEP 2. Before entering into an Offer, Contract or an Agreement, instruct your real estate agent and/or EscrowOne, Inc to include an “Exchange Cooperation Clause” in the purchase and sale agreement. It is important that all parties to the transaction are aware that a 1031 Exchange Company is a part of your transaction, as all parties must cooperate with the 1031 Company.

STEP 3. Start searching for acceptable Replacement Property immediately, to ensure that you can meet the strict time frame for the 45-day Identification Period.
You can always ask you Agent, Accountant, Tax Preparer or search the web for a qualified 1031 Exchange Company to service your needs.
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HOW TO BE PREPARED FOR AN EMERGENCY

Do you know what vital information to have on hand in the event of a natural disaster or family emergency? When an unexpected situation arises, there's no time to sort through paperwork, no matter how essential it may be. Having everything you need in an organized emergency binder can streamline the process and give you peace of mind.

WHAT TO INCLUDE IN AN EMERGENCY BINDER
While there's no shortage of important family documents and household records, a true emergency calls for a few must-haves:

1. Vital records like birth certificates, driver's licenses, Social Security cards, naturalization documents, passports and child custody papers.

2. Insurance policies, including homeowners, renters, auto, life and health.

3. Property records such as real estate deeds, rental agreements, and vehicle titles and registration.

4. Financial documents like wills, trusts, powers-of-attorney and funeral instructions.

5. A family emergency plan with contact information and predetermined meeting places.

SAFELY STORING OTHER IMPORTANT INFORMATION
Some items, such as account passwords and a backup of critical computer files, aren't suited for a portable binder. Instead, house them in a secure location like a safety deposit box or lock box. You can also include a home inventory list, contracts, business paperwork, tax returns and investment records.

Play it safe and include a recent photograph of every family member, along with fingerprints and dental records. You may also want to store valuable memorabilia, jewelry, and priceless family photos, letters and documents here as well.

There's no way to predict when misfortune will strike, but that doesn't mean you shouldn't be prepared. Set aside an afternoon to create an emergency binder that can help protect your family when time is of the essence.
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