The following links are good information source and of general interest.
Escrow: is a transaction where one party engaged in the sale, transfer or lease of real or personal property with anther person delivers a written instrument, money or other items of value to a neutral third person, called an escrow agent or escrow holder. The third person holds the money or items for disbursement upon the happening of a specified event or the performance of a specified condition Escrow holder impartially carries out the written instructions given by the principals.
Title Insurance: equals rick elimination. analyzing official records for information that affects title to real property. Title insurance premiums are paid to identify and eliminate potential risks and claims before they happen. One time premium.
Paid upon the passing of TITLE to property or to a valuable interest. A transfer tax is essentially a transaction fee (often relatively small in relation to the value of property) imposed on the transfer of title. Mello-Roos Taxes Taxes are assessed to special tax districts, known as Mello-Roos Districts for the purpose of financing public services or facilities.
So many fun things to do and see & experience... art galleries, museums, festivals, Cabrillo Music Festival, Santa Cruz Film Festival, Shakespeare Santa Cruz, Capitola Twilight Concerts, Open Studios, and the Art and Wine Festivals of Scotts Valley and Capitola to name just a few year around happenings in old Santa Cruz...check some out!
