Discussion Questions to answer for your initial post:1. Explain the importance of having an Escrow Checklist?2. What is an Escrow Settlement Sheet (AKA HUD1 or Closing Document)? What is its role in an Escrow Transaction?3. When and for what purpose would an Escrow Officer order a Request for Full Reconveyance?4. Why is it advisable, and the Lender will require as a condition of funding, the Buyer to obtain a Policy of Fire Insurance? What typically does aInsurance cover against, and what two important items does a standard Fire Policy not cover?

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1. Explain the importance of having an Escrow Checklist?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 6TP: When a customer is delinquent on paying a notes receivable, your company has the option to continue...

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