Smart Escrow For Reps
How Does It Work?
Simply enter some simple information about the homeowner’s current and former Florida home (if applicable), and SmartEscrow™ instantly produces a simple one page report that shows how much up-front funds must be collected for the escrow account, the accurate monthly payment amount, and even the pro-rated property tax credit between the Buyer and Seller for purchase transactions! SmartEscrow™ will also identify if the homeowner has “Portability” from a prior home that they can transfer to lower their property tax bill and will take it into account in the escrow account setup. If the report is run for a refinance transaction and the homeowner forgot to file for Homestead or had portability to transfer and forgot to file for it an alert is generated with information on how to easily correct the oversight.
What's The Difference
SmartEscrow™ takes into account whether or not the buyer is a current Florida homeowner and if they have accrued transferable portability under the Homestead laws. It also takes into account the exact local tax rates, the time of year in which the closing occurs, and conducts a very accurate estimate of the initial market valuation of the property on which the taxes will be based. SmartEscrow™ utilizes the Florida Dept. of Revenue tax databases and takes into account each homebuyer’s personal details that will have an effect on their tax bill. It even figures out based on the time of year the buyer/seller credits and pro-rations for the current year tax bill!
How Much Does It Cost?
SmartEscrow™ is an incredible value at a cost of only $25 per report. You can include the cost on the settlement statement and mail us a check after closing like you do for all other payees, or pay for your report right away using a credit card online.
If you are a lender or a title/closing agent and would like to set up an account with us that will allow you to run Smart Escrow™ reports for your transactions and pay at the time of closing please click the button below
Tools And Services For Real Estate Professionals
Property Tax Analysis
Educate your client about Homestead while simultaneously helping them get the most out of Florida's homestead laws with a Homestead Check™ report.
Loan Payment Optimizer
Calculate your clients monthly payment amount using traditional methods as well as refined and optimized methods factoring in Florida's Homestead laws.
Realtor Assistance Center™
Get access to tax specialists for FREE whenever you need to ask property tax related questions. You can also generate coupon codes for your clients.