October 3, 2011
Wayman Edmonds and Peggy Arthur Edmonds 5911 Wildbriar Richmond, TX 77469 RE: Property Address: File No.: 500 Dixon Creek Lane, Georgetown, TX 78633 TX-011711
Congratulations on your decision to purchase a new home from Del Webb Texas, Limited Partnership. We know it will be one of your most valuable possessions and we look forward to providing you with the best service and dependability throughout your home buying experience. Kim Case, who can be contacted at (512)532-3465 or kim.case@titlemail.com, will be your escrow agent for your purchase. We work closely with our affiliates to make sure the settlement process goes smoothly. This includes the title search, handling escrow funds, preparing recording documents and ultimately issuing title insurance on your new home. The end result: a seamless closing experience. We truly appreciate the opportunity to provide services to you and if you should have any questions during this process, please feel free to contact our office at any time during your transaction. Enclosed you will find: Direct Wire Information Our Company Privacy Policy Our Company Disclosure Statement
In order to ensure timely closing of your escrow, please be aware of the following: 1. 2. Keep in touch with your Home Buyer Coordinator. Make sure your mortgage company (if applicable) has all the documentation necessary so that your loan documents can be delivered to our office with sufficient time to close. CLOSING FUNDS -Please be aware that we follow the Federal Expedited Funds Availability Guidelines for all closing funds received, such as: Wired funds into our bank account Local Bank Cashier's Check (face of check words "Cashier's Check" must appear)
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There could potentially be a 3 - 5 day delay in your closing date, if your closing deposit is represented by anything other than the foregoing. If you anticipate withdrawing funds from a securities firm, your credit union or other institution, we urge you to check with them immediately. Many times their funds are drawn on an out-of state bank and, therefore, subject to collection by our company's bank.
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POWERS OF ATTORNEY OR TRUST AGREEMENTS -If either of these instruments are contemplated to be used in your transaction, please contact your Escrow Officer immediately for further information. CLOSING DATE AND POSSESSION -The closing date will be determined by your builder and is set by your Home Buyer Coordinator to coincide with the completion of your home. This date cannot be changed unless agreed to by the builder. Any matters relating to the closing and possession should be directed to your Home Buyer Coordinator.
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Thank you for your cooperation in reviewing this information. If you have any questions or would like additional information or clarification, please feel free to contact your Escrow Officer at (512)532-3465 or kim.case@titlemail.com. We are looking forward to meeting with you at the closing. Sincerely,
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12301-B Riata Trace Pkwy., Building 2 Austin, TX 78727 (512)795-0715 Office (512)795-9125 Fax
DISCLOSURE STATEMENT
1. PGP Title, Inc. hereinafter referred to as "Escrow Agent" is hereby authorized to pay from funds deposited into escrow for said purpose all amounts necessary to procure documents and all other charges and obligations necessary to consummate this transaction. Seller, Buyer and all other parties to the transaction, including Real Estate Agents/Brokers understand that no monies will be disbursed until all funds have been received and deposited in the escrow account to complete the transaction. This event will not necessarily occur on the same day that Seller and Buyer execute the escrow documents. Escrow Agent is hereby authorized to act upon any statement furnished to Escrow Agent by a lien holder or his agent, without liability or responsibility for the accuracy of such statement. In the event the lender or lien holder demands additional funds after close of escrow, Buyer agrees to deposit with Escrow Agent any additional funds necessary to comply with the lender/lien holder's instructions upon receipt of same from Escrow Agent. Possession of the property, transfer of utilities, and collection of cancellation premiums from the Seller's fire or hazard insurance policy shall be handled by the parties direct and outside of escrow, and Escrow Agent shall have no responsibility with regard thereto. Proration of real property taxes shall be based upon the last available tax statement from the taxing authority. Any litigation, arbitration or mediation arising out of this transaction in which Escrow Agent is named as a party shall be filed and maintained in the county in which the office of the Escrow Agent handling this transaction is located. In the event of any litigation or arbitration which relates to the duties or actions of Escrow Agent, including any action seeking a declaration of the rights or obligations of any party to this Escrow, the prevailing party or parties in such litigation or arbitration proceeding shall be awarded, in addition to any other available remedy, all expenses, fees and costs, including expert witness fees, and all reasonable attorney's fees shall be determined by the court or arbitrator, and not by a jury, in a separate proceeding. All the terms and conditions of the Contract and Receipt for Deposit remain the same. However, Seller and Buyer hereby agree that all notices required to be delivered to any party to the contract or to Escrow Agent pursuant to the parties' contract shall be mailed or delivered to all parties and to Escrow Agent in order to constitute notice under the contract. Seller and Buyer hereby agree that at such time as Seller and Buyer deposit into escrow the executed documents, an executed copy of the Settlement Statement and the funds sufficient to close the transaction, Escrow Agent is authorized to close the escrow. By depositing the above-referenced documentation, the following matters shall be deemed to be satisfied, waived, met or agreed to without further instruction from Seller and Buyer and Seller and Buyer further agree to indemnify, defend, and hold Escrow Agent harmless from, for, and against any and all claims by any persons, including Seller and Buyer, as to the following matters: A. B. All items to be prorated have been submitted to Escrow Agent. All repairs, inspections, contingencies, and/or conditions have been completed, met waived or satisfied.
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C. 8.
Escrow Agent shall not record the transaction with the County Recorder before all funds have been received and transaction is closed.
The title insurance underwriter, Commerce Title Insurance Company, may offer a closing protection letter that provides protection for the loss of escrow monies due to fraud or dishonesty of the Escrow Agent.
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Privacy Policy Notice PGP Title 2011 PGP Title and all related trademarks and logos are trademarks of PulteGroup, Inc. in the United States
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Unless it is specifically stated otherwise in an amended Privacy Policy Notice, no additional nonpublic personal information will be collected about you. How we use this information. The PGP Title family of companies giving this notice does not share your information with marketers outside its own family. There's no need to tell us to keep your information to ourselves because we share your information only to provide the service requested by you or your lender, or in other ways permitted by law. The privacy laws permit some sharing without your approval. We may share internally and with nonaffiliated third parties in order to carry out and service your transaction, to protect against fraud or unauthorized transactions, for institutional risk control, and to provide information to government and law enforcement agencies. Companies within a family may share certain information among themselves in order to identify and market their own products that they think may be useful to you. Credit information about you is shared only to facilitate your transaction or for some other purpose permitted by law. WE DO NOT DISCLOSE ANY NONPUBLIC PERSONAL INFORMATION ABOUT YOU WITH ANYONE FOR ANY PURPOSE THAT IS NOT SPECIFICALLY PERMITTED BY LAW. How we protect your information. We restrict access to nonpublic personal information about you to those employees who need to know that information in order to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information. We reinforce the company's privacy policy with our employees.
Privacy Policy Notice PGP Title 2011 PGP Title and all related trademarks and logos are trademarks of PulteGroup, Inc. in the United States
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ACCOUNT NO.:
INTERNATIONAL SWIFT CODE: BOFAUS3N TO ASSURE PROPER CREDIT; PLEASE REFERENCE FILE NO.: TX-011711 Attn: PROPERTY: Kim Case 500 Dixon Creek Lane, Georgetown, TX 78633
Wire Transfer Instructions 2010 PGP Title and all related trademarks and logos are trademarks of PulteGroup, Inc. in the United States
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