California Escrow Association Celebrates "Escrow Month" with Campaign to Educate Consumers.SACRAMENTO, Calif. -- In response to ongoing efforts by local escrow escrow Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. professionals and the California Escrow Association (CEA CEA carcinoembryonic antigen. CEA abbr. carcinoembryonic antigen CEA (Carcinoembryonic antigen) ) to proffer To offer or tender, as, the production of a document and offer of the same in evidence. proffer v. to offer evidence in a trial. consumer education, California Governor Arnold Schwarzenegger Arnold Alois Schwarzenegger (German pronunciation (IPA): [ˈaɐ̯nɔlt ˈaloɪ̯s ˈʃvaɐ̯ʦənˌʔɛɡɐ] has recognized October as "Escrow Month." "Your commitment and professionalism are helping to ensure trust in commerce, while playing a crucial role in our economic prosperity. I commend com·mend tr.v. com·mend·ed, com·mend·ing, com·mends 1. To represent as worthy, qualified, or desirable; recommend. 2. To express approval of; praise. See Synonyms at praise. 3. you for helping maintain quality standards and providing your members with opportunities to keep their skills up-to-date. It is a pleasure to offer you my thanks and join you in celebrating this month," explained Governor Schwarzenegger in a letter to the CEA. In California, one of the hottest and fast-paced real estate markets in the world, the escrow process has become an integral part of the real estate transaction equation for California consumers and real estate professionals. Home purchases represent some of the largest financial transactions that most people will make in their lives, which can make the escrow process seem intimidating in·tim·i·date tr.v. in·tim·i·dat·ed, in·tim·i·dat·ing, in·tim·i·dates 1. To make timid; fill with fear. 2. To coerce or inhibit by or as if by threats. to consumers; however, being prepared and informed goes a long way toward making homeownership dreams come true. To this end, CEA offers four helpful tips to educate consumers about escrow: * Work only with a professionally-designated escrow professional. CEA professional designations ensure that practitioners have earned a specified amount of continuing education continuing education: see adult education. continuing education or adult education Any form of learning provided for adults. In the U.S. the University of Wisconsin was the first academic institution to offer such programs (1904). credits and maintain membership status in CEA. * Read and understand before signing anything. Take the steps necessary to understand all the documents involved to ensure a fast and accurate escrow transaction. * Don't be the unwitting cause of delays. To ensure a smooth escrow close, cooperation and communication is necessary. Always be responsive and timely to the requests of the assisting professionals. * Be prepared. Provide all the necessary documents required by the escrow practitioner. This can include information on personal statistics, lenders, homeowners' associations A homeowners' association (abbrev. HOA) is the legal entity created by a real estate developer for the purpose of developing, managing and selling a community of homes. and more. ABOUT THE CALIFORNIA ESCROW ASSOCIATION Founded in 1956, the California Escrow Association (CEA) is a statewide organization for professional escrow practitioners with more than 2,700 members. The organization is dedicated to maintaining the highest standards in escrow through continuing education and legislative advocacy. For more information on California Escrow Association, visit www.ceaescrow.org or call 916-239-4075. |
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