Disclosure

Price: $49.99 | Upgrade: free | Copies sold: 50 - 99
Current version: 1.0 | Year released: 2002 | Year updated: 2002

Documentation:
  • printed manual
  • on-line help

Description:
The Initial Escrow Account Disclosure Statement shows the escrow payment amounts and month the payment is due for the first 12 months following a real estate closing. The form also provides the starting balance used to determine the Aggregate Escrow Adjustment Amount (line 1008 of the HUD-1 RESPA).

An Annual Escrow Loan Statement summarizes all escrow account deposits and payments during the past year. It also notifies the borrower of any shortages or surpluses in the account and tells the borrower how these can be paid or refunded.

RESPA requires lenders to provide borrowers with an Initial Escrow Account Disclosure Statement within 45 days of closing and an Annual Escrow Account Disclosure Statement at least once every 12 months thereafter. These statements are designed to provide information regarding the anticipated tax and insurance activity in the escrow account.

Your escrow account payments may include a "cushion" or an extra amount of money held in the escrow account to prevent the account from being overdrawn. RESPA limits the amount of the cushion to a maximum of two months of escrow payments.

The Escrow Account Disclosure Statement software mimics the initial and annual escrow disclosure statement to perfection. The software looks exactly like the forms with automatic calculations to speed up the process of filling out this form. You can print and print preview documents on letter or legal size paper with any Windows supported printer. You can save and retrieve documents for future use.

Advanced Print Features:

• Print just one form at a time, all forms, or a few selected forms.
• Print single pages of long documents: ideal for last minute revisions.
• Print multiple copies of documents.
• Preview forms on screen; zoom feature for hard-to-see areas.

Computer operating systems:
  • Windows Me/98/95 or earlier
  • Windows NT/2000/XP