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Shirley Cheng
Mobile: (408) 600-2266
Fax: (408) 280-1233
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Buyer Tips
Taxes and Hazard Insurance:
Based on the month you close, property taxes will be prorated between you and the seller. You may also be required to pay a full year’s hazard insurance (or homeowner’s insurance) premium in advance. In addition, you may also be required to place funds into a special reserve account (impound account) for taxes and insurance, which is held by the lender. You absolutely must have this to obtain a mortgage.

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Helpful Tips
On Moving Day: Things To Do
Carry enough cash or traveler’s checks to cover cost of moving services and expenses, also carry jewelry and important documents yourself, or use registered mail and don’t forget to plan the transportation of all your pets.


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