(there are several, I prefer the one where third party needs to be found before settlement)4.

The borrower must have sufficient funds to cover borrower-paid closing costs and fees at the time of settlement.

Under Section C, there is listed"Lender's Title Insurance" and "Settlement or Closing Fee".

No, George, despite numerous promises to pay me a settlement amount, Andrew has continued to fail to follow through, and I am only one of several BP members to have similar experiences as I refer to in this thread https://www.biggerpockets.com/forums/522/topics/22... and in my three part blog.

There should also be a term between settlement and exercising the option.

I'm new to real estate and investing and am looking to get more education but I'm not sure which course to pursue.I live in New York City and would like to either get my Home Inspection License ($2500) and actually work doing inspections or get my Title Closing Certificate and work as a Title Closing/Settlement Agent.I can't decide which one to pursue and I'm not sure how easy it is to get work doing either.

The value a public adjuster brings to the table is (1) they typically increase the amount of your settlement (more than enough to cover their 10%-15% fee), (2) they will recognize any gaps or insufficiencies in your coverage so you can get it corrected before something bad happens, and (3) in the event of a claim, they will negotiate with your insurance company, prepare a damage estimate, read your policy to make sure you're getting everything you're supposed to get, and ultimately, save you time so you don't have to try to become a claims expert.Tavisha Grant, Public Adjuster, Property Claim Adjusters, Phoenix, AZ

If you applied for re-financing last month, you're probably getting last years taxes added in the settlement as well as reserves if the escrow for taxes and insurance.

While it use to be that only public companies were required to follow Generally Accepted Accounting Principles (GAAP), this year all real estate operations must comply, that means any mom and pop landlord, any whizbang investor dealer or any else that sells dirt.This aspect has everyone dealing with leases and/or option contracts and any other sale giving consideration to accounting for such operations, banks/lenders, settlement agents, appraisers as well as investors. 

She had a "large" settlement from a divorce.