Escrow Officer Blog - Luisa Orellana

Designating The Escrow Holder

Luisa Orellana, Escrow Officer, Camden Escrow (Camden Escrow) — Tue, 26 Aug 2008 16:06:58 -0500

Because the selection of an Escrow Holder is not usually critical to either principal in a transaction, real estate brokers have in the past played a large role in deciding where a transaction would be escrowed. In recent years, however, there has been an increasing effort on the part of federal and state regulators to minimize the influence of the broker in selection of the escrow holder. The rationale is that buyers and sellers have the right and should have the opportunity, to CHOOSE and compare escrow services and charges, if they so desire to negotiate between themselves as to where escrow will be held.

This past year, I have seen an increase on the Buyers and Sellers having a say so on choosing an escrow holder. They are shopping around and comparing prices, along with the Escrow Officer's experience and knowledge. Realtors and including Mortgage Brokers are having less choices with directing escrow.

As a consumer, we always have the option on choosing whom we want for services when we are paying for those services. So in the future, don't be afraid to speak up and make suggestions as to whom you would like to handle your escrow. Always shop around. You do so when you choose a Realtor, Mortgage Broker, Insurance Agent, etc. so why not for ESCROW?

Also, remeber that there are differences as to what type of Escrow Company handles your escrow. And the Escrow Officer will also make a difference.

So if you are in the process of Selling, Buying or Refinancing, this something to always consider. Either way, GOOD LUCK with ESCROW!

What is a Reverse Mortgage?

Luisa Orellana, Escrow Officer, Camden Escrow (Camden Escrow) — Thu, 21 Aug 2008 18:47:41 -0500

Most recently, frequently I have been asked, What is a Reverse Mortgage?

From what I understand, A "reverse" mortgage is a loan against your home that you do not have to pay back for as long as you live there. With a reverse mortgage, you can turn the value of your home into cash without having to move or to repay the loan each month. The cash you get from a reverse mortgage can be paid to you in several ways:

all at once, in a single lump sum of cash;
as a regular monthly cash advance;
as a "credit line" account that lets you decide when and how much of your available cash is paid to you; or
as a combination of these payment methods.

No matter how this loan is paid out to you, you typically don't have to pay anything back until you die, sell your home, or permanently move out of your home. To be eligible for most reverse mortgages, you must own your home and be 62 years of age or older.

But don't take my word for it. Always consult with your Reverse Mortgage Loan Officer for any further questions or concerns regarding a "reverse" mortgage. I work with Scott Sealey, whom I believe is a very well seasoned reverse mortgage specialist. Feel free to contact him if you have any further questions.

OLE! A Summer Night in Sevilla" Networking Event

Luisa Orellana, Escrow Officer, Camden Escrow (Camden Escrow) — Mon, 28 Jul 2008 19:02:13 -0500

"OLE! A Summer Night in Sevilla"

Details: Thursday, July 31, 2008, 6:30pm- 1:30am Admission: $20 per person. Admission includes complete event package including Complimentary Red and White Sangria, Complimentary Spanish/ Latin Wine Tasting, Live Flamenco Ensemble, Flamenco Dance Performances, Complimentary Spanish Tapas and Appetizers, Veronica Loren, Live Salsa Band L u c k y 7, DJ, dancing and more. Admission to be paid at the door.

Attire: Professional/ Cocktail Attire is STRONGLY Recommended. It is encouraged that gentlemen wear suit and tie and/or coat. It is encouraged that ladies wear cocktail/ professional attire.

Villa Sorriso Risorante and Martini Bar
168 W. Colorado Blvd.,
Pasadena, CA 91105
See Yahoo Map

For further information (213) 792-0877

Villa Sorriso is located at the west end of Old Town Pasadena on Colorado Blvd.

Previous LPN Events include "Havana Nights" at J Lounge, "Una Noche en Guadalajara" at Bonaventure, and "A Night in Rio" at J Lounge!

(Due to the complimentary tasting, all attendees must be of legal drinking age, and identification is required.)

RSVP NOW!

Happy Mother's Day 2008

Luisa Orellana, Escrow Officer, Camden Escrow (Camden Escrow) — Thu, 08 May 2008 14:38:26 -0500

MOTHERS and MOMS

This is for the mothers who have sat up

all night with sick toddlers in their arms,

wiping up barf laced with Oscar Mayer

wieners and cherry Kool-Aid saying,

'It's okay honey, Mommy's here.'

Who have sat in rocking chairs for hours on end soothing crying babies who can't be comforted.

This is for all the mothers who show up at

work with spit-up in their hair and milk stains

on their blouses and diapers in their purse.

For all the mothers who run carpools and

make cookies and sew Halloween costumes.

And all the mothers who DON'T.

This is for the mothers who gave birth to

babies they'll never see. And the mothers

who took those babies and gave them homes.

This is for the mothers whose priceless art

collections are hanging on their refrigerator doors.

And for all the mothers who froze their buns on metal bleachers at football or soccer games instead of watching from the warmth of their cars.
And that when their kids asked, 'Did you see me, Mom?' they could say, 'Of course, I wouldn't

have missed it for the world,' and mean it.

This is for all the mothers who yell at their kids in the grocery store and swat them in despair when they stomp their feet and scream for ice cream before dinner. And for all the mothers who count to ten instead, but realize how child abuse happens.

This is for all the mothers who sat down with

their children and explained all about making

babies. And for all the (grand)mothers who

wanted to, but just couldn't find the words.

This is for all the mothers who go

hungry, so their children can eat.

For all the mothers who read 'Goodnight,

Moon' twice a night for a year. And then

read it again, 'Just one more time.'

This is for all the mothers who taught

their children to tie their shoelaces before

they started school. And for all the mothers

who opted for Velcro instead.

This is for all the mothers who teach their sons

to cook and their daughters to sink a jump shot.

This is for every mother whose head turns automatically when a little voice calls 'Mom?'

in a crowd, even though they know their

own offspring are at home -- or even away

at college -- or have their own families.

This is for all the mothers who sent their kids

to school with stomach aches, assuring them

they'd be just FINE once they got there, only

to get calls from the school nurse an hour later

asking them to please pick them up. Right away.

This is for mothers whose children have gone

astray, who can't find the words to reach them.

For all the mothers who bite their lips until they

bleed when their 14 year olds dye their hair green.

For all the mothers of the victims of

recent school shootings, and the mothers

of those who did the shooting.

For the mothers of the survivors, and the mothers who sat in front of their TVs in horror, hugging their child who just came home from school, safely.

This is for all the mothers who taught their

children to be peaceful, and now pray

they come home safely from a war.

What makes a good mother anyway?

Is it patience? Compassion? Broad hips?
The ability to nurse a baby, cook dinner, and

sew a button on a shirt, all at the same time?

Or is it in her heart?
Is it the ache she feels when she

watches her son or daughter disappear

down the street, walking to school alone

for the very first time?

The jolt that takes her from sleep to

dread, from bed to crib at 2 A.M. to put

her hand on the back of a sleeping baby?

The panic, years later, that comes again

at 2 A.M. when she just wants to hear

their key in the door and know they

are safe again in her home?

Or the need to flee from wherever she is

and hug her child when she hears news

of a fire, a car accident, a child dying?

The emotions of motherhood are

universal and so our thoughts are for

young mothers stumbling through diaper

changes and sleep deprivation...

And for mature mothers learning to let go.

For working mothers and stay-at-home mothers.

Single mothers and married mothers.

Mothers with money, mothers without.

This is for you all. For all of us...

Hang in there. In the end we can

only do the best we can. Tell them

every day that we love them. And pray

and never stop being a mother...

Closing Escrow, the Movie?

Luisa Orellana, Escrow Officer, Camden Escrow (Camden Escrow) — Fri, 24 Aug 2007 18:14:29 -0500

It's Friday today, and My husband and I have plans to go watch a movie. Since we haven't done so in a while. While searching reviews and reading up on what good movie is out there, I ran into "Closing Escrow" the movie. LOL! Someone actually made a movie about selling and closing escrow? I am curious to see how this turns out. There is nothing like the real deal on working hands on closing an escrow. This movie looks funny. Lets see how this turns out.

Has anyone seen this yet? Their official site is hilarious.

Any suggestion on what I can watch tonight? Anything from Drama, Action, to Comedy.

Whatever your plans are for this weekend, make it a great one!

Short Sales Are Back

Luisa Orellana, Escrow Officer, Camden Escrow (Camden Escrow) — Mon, 20 Aug 2007 19:59:42 -0500

What is a Short Sale?

A Short payoff sale is generally defined by loan loss mitigation professionals, as:

A sale in which a lender allows the property securing a mortgage or deed of trust loan to be sold for less than the existing loan balance, due to factors such as the Borrower's financial circumstances, the property's physical condition, and local real estate market conditions.

Most lenders will only approve a short sale as a last resort:

The property was purchased or refinanced at the top of a seller's market at an over-inflated price and has had a substantial drop in value.
The property is located in an area where property values have dropped due to a dramatic change in the local real estate market.
The borrower has a true hardship or circumstance that is beyond the borrower's control.
The property's "as-is" condition has deteriorated to the point where it's not financially feasible for the lender to put it in a marketable resale condition.
The proposed purchase price is more than the lender would be able to sell the property for after foreclosing on the loan.
Any sales commission the lender must pay is less than what they would have to pay to sell the property after foreclosing on the loan.

Six Factors lenders consider during the Short Sale for approval:

The borrower's overall financial condition.
The property's "as-repaired" value.
The property's "as-is" value.
The cost to put the property into resale condition.
The cost of securing and maintaining the property while it is being marketed for resale.
The cost of marketing and selling the property.

Other Factors that influence a lenders willingness to approve a Short Sale:

The number of non-performing loans that the lender has in their portfolio.
The financial condition of the third party investor who owns the loan.
The lenders overall financial condition.
The loss mitigation policy of the third party investor who owns the loan or the lender servicing the loan.
The loss mitigation policy and procedures of the government agency insuring the loan.

As Nikki stated, It is crucial that the Seller obtain advice from either his/her attorney or CPA to verify that selling of their home with a short sale is in their best interest.

Contact an Escrow Officer when you're ready to open a Short Sale Escrow.

Cigar Aficionada

Luisa Orellana, Escrow Officer, Camden Escrow (Camden Escrow) — Thu, 12 Jul 2007 16:16:53 -0500

So many of you may or may not know that I am a Cigar Aficionada. It's been sometime now that I was introduced to cigars by my one and only David.

Since than, I have explored and have found myself to enjoy several cigars.

Some of my favorite lines are CAO, Cohiba, Arturo Fuente, among others. I stick to the Medium to Bold lines, as I've noticed that my taste buds have increased, due to the amount of caffeine I intake. Coffee is a must have everyday. But depending on my mood, my smokes change. That's the beauty of cigars. There is something for everyone. Every mood and taste bud. It is indeed an acquire taste.

I don't know many women that smoke cigars, but I sure do try to have them join me.

Here's Gaby Herrera (an agent I work with) and Meme, enjoying a cigar! She had a great time with me that day. And was Happy for the experience. I'm sure to enjoy much more cigars with the gal. So if you haven't had the change to have a smoke, try it! For me, it is a stress reliever. And I truly enjoy it.

If you're a woman and want to get into smoking cigars, check out these sites.

Vegas Santiago, Cigars for Women, Cigar Cyclopedia, CR Cigars, and Cigar Woman. Enjoy exploring!

What is an Escrow Officer?

Luisa Orellana, Escrow Officer, Camden Escrow (Camden Escrow) — Wed, 11 Jul 2007 15:43:17 -0500

I am always surprised to hear "What is an Escrow Officer?". I can't believe I still get asked that question. But I know there are still some out there that have No Idea what an Escrow Officer is nor what an Escrow Officer does.

Escrow officers facilitate the sale or refinancing of a property by receiving, holding, and transferring funds, deeds, and other legal papers in accordance with agreements made between buyers and sellers or the lender's instructions.

Escrow Officers or Settlement Agents are the head of a real estate transaction. We process most of the paperwork involved in a refinance or sale transaction. We coordinate with the Title Company, Real Estate Agents, Mortgage Brokers/Loan Officers, Insurance Agents, Payoff Lenders, Notaries, Homeowner's Associations/Property Management, Attorney's and any other parties involved in a transaction.

We Escrow Officers have a lot on our plate. That's why we consist of a unit. We have Escrow Assistants to help with the work load. Which consist on some of the following:

ESCROW OFFICER - Escrow Officers (including levels I, II or Junior, Senior) have the following responsibilities:

Responsible for the final determination of accuracy of escrow documents, verification of receipt of monies necessary to close, and present for the signing of closing documents.
Oversees all work performed by escrow assistant.
Serves as the communication link to all parties involved in the transaction.
Strives to profit excellent service in order to assure repeat and referral business.

Principal Duties and Responsibilities:

Prepare escrow instructions.
Request a preliminary title search to determine the basis upon which a title insurance policy may be issued.
Request a beneficiary's statement or pay-off demand relating to existing financing.
Comply with lender's requirements, specified in the escrow agreement.
Receive purchase funds from the buyer.
Prepare and secure the deed or other documents related to escrow.
Prorate taxes, interest, insurance and rents according to instructions.
Secure releases of all contingencies or other conditions as imposed on any particular escrow.
Record deeds and any other documents as instructed.
Request issuance of the title insurance policy.
Close escrow when all the instructions of the buyer and seller have been carried out.
Disburse funds as authorized by insurance, including charges for title insurance, recording fees, real estate commissions and loan payoffs.
Prepare final statements for the parties accounting for the disposition of all funds deposited in escrow.

To read more on a description of what escrow people do, click here.

Hope this helps on giving you an insight of what we do for YOU! If you ever have any questions regarding escrow, please don't hesitate on contacting me. It's a pleasure to be of help!

Property Disclosure Report

Luisa Orellana, Escrow Officer, Camden Escrow (Camden Escrow) — Wed, 11 Jul 2007 00:10:38 -0500

I am often asked if it is necessary to obtain and deliver property disclosure reports to a buyer, although the property is being sold "AS IS".

Well, California has several laws regarding natural hazard, property tax and environmental disclosures during a real estate transaction.

In general, there are two types of disclosures:

1. Actual Knowledge

You are required to disclose "actual knowledge" if you know of issues that affect the value or desirability of your property. Possible examples are drainage problems or an old heating oil tank on your property or the stone quarry 5 miles down the road whose trucks rumble by at 6:00am every weekday morning. Your agent will provide you with more information on how these disclosures are simply and routinely addressed on a form called the Transfer Disclosure Statement (TDS). This form has a number of questions to answer and you are required by Law to complete it using the best of your knowledge. Your agent is also mandated to make a visual inspection. Don't worry, it's simply a disclosure process an agent is required to undertake. If your home was built before 1960, your agent will also provide you with the "Homeowners Guide to Earthquake Safety" booklet to complete and give to your buyers. Your agent may also be providing other disclosures and booklets to the buyers. These are simply standard items used in today's residential transactions.

2. Public Knowledge

Certain public information such as mapped flood zones, environmental information and potential geologic, flood and fire hazards are determined by state and local jurisdictions. Such hazards may be shown on officially published maps in order to make the information available to all.

Disclosure of certain, specific information is mandated by state, local or federal laws, while other publicized information is prudent and advisable to disclose in order to help protect all parties as well as decrease your own liability exposure. There may be other disclosures applicable to your property also. A special tax assessment disclosure requirement pertains to Mello-Ross and 1915 Bond Act districts due, in part to certain accelerated foreclosure provisions.

What are the benefits to You as the Seller?

Disclosure is in the best interest of all parties involved in selling a home. The idea of "Buyer Beware" no longer holds true in today's real estate market. As the Seller, view disclosures in a positive light. It helps protect you and limit your liability. When Buyers are informed through disclosures, there are fewer complaints, miscommunication, and lawsuits. Dealing with disclosure issues from the beginning can help ensure that the transaction will close smoothly with all parties satisfied, when it comes to disclosures.

So, whether it is a For Sale By Owner or an Agent representation real estate transaction, it is always best to obtain the property disclosure reports.

"AS IS" means the Buyer is buying the property without repairs or inspections. Property Disclosures are just that, Disclosures.

Major companies where you may order property disclosures are First American Natural Hazard Disclosures, LGS Reports, and Property I.D.

So invest a little money wisely and order and obtain these types of reports. Make sure to have a copy delivered to your Escrow Officer, to ensure that it is paid through escrow and/or delivered to the Buyer for approval and receipt of a report as well.

It is NOT my job...

Luisa Orellana, Escrow Officer, Camden Escrow (Camden Escrow) — Sat, 07 Jul 2007 20:32:51 -0500

As an Escrow Officer, I run into daily requests for things that are NOT within my job description.

I already have a lot to do as an Escrow Holder. But over the years, in order to obtain more business from real estate agents and brokers, Escrow Officers have been taking on more and more responsibilities that are not within their duties. As a result, MOST not ALL, Real Estate Agents and/or Brokers have stopped doing their job and are getting lazier and lazier each day. Mind you, Real Estate Agents get paid at an average 3% to 6% commission off of the purchase price to represent a principal (Seller or Buyer) in a real estate transaction.

So why I ask, is it that we Escrow Officer's are asked to do their job? And why, as an Escrow Officer, would you overwhelm yourself with more duties that don't belong to you?

I get a call from a Listing Agent the other day, asking me for Property Disclosures, Home Warranty Plan, Residential City Report, Termite Report, and Retrofitting Information. I told him I wasn't in receipt of those items, not immediately knowing he was the listing agent. He says "Why? Why don't you have those items?", I say "Because, I haven't been provided with such items from the listing agent". He said "I am the listing agent, and what do you mean they haven't been provided to you? You were supposed to take care of that. That is part of your job!. The other escrow companies I use AlWAYS obtain that information for me!". Ok, if he would had said that nicely, I would've responded much nicer. So I respond with "Well, that is NOT my job. And honestly, I don't know WHY they do that for you if it is NOT their duty to order nor obtain that information. That is the reason why you get paid a nice commission through the file, to do that. That is YOUR responsibility and job to do, not mine. So go ahead and take care of ordering and obtaining that information and forward it to me when you get them or...you can have them sent to me directly and I'll make sure to deliver it to the Buyer for acknowledgement and approval of same". He was speechless for a second. Than says "You're Right, that is my job. I didn't mean to be out of line with you. I will take care of getting that for you". Well, well....lookie here, NOW that is his job.

In the past, in my early years in escrow, I took care of ordering and obtaining most of the information for my agents. Because that is what I had to do to obtain their business. But one day, I was so overwhelmed with my own duties that I finally said NO! What I started doing is reminding them on my cover sheets to make sure to provide me with that information, as I needed it prior to closing. And to the newest agents I got, I did the same. I stopped taking on more responsibilities and duties that weren't mine. Escrow IS NOT supposed to be ordering and obtaining these type of reports and disclosures. For years, they've been doing it as an accommodation. The Escrow Holder is limited to knowing the specifics of a property and if that information isn't provided to the companies that issued such reports/disclosures, well...guess who can be held liable for them? That's right! Escrow!

In an undisclosed settlement, a Buyer vs Chicago Title won a lawsuit because the Escrow Officer ordered a Home Warranty and forgot to disclose a small unit above the garage that wasn't covered under the Home Warranty Plan. So, to ALL Escrow Officers and/or assistants/escrow personnel, STOP! stop taking on more duties and responsibilities that don't belong to you.

Real Estate Agents and Brokers are getting too spoiled, while making big bucks to do almost anything. Don't get me wrong, I spoil my agents and I spoil them ALOT! but not in that sense. I spoil them with being responsive. Getting ALL their calls, e-mails, faxes and being available to them at ALL times. I spoil them with MY SERVICE. Not with doing their job. The way I see it, is if I can be held liable for something, than I just won't do it. I've worked too hard and too long to throw my career out the window, just like that. You can be sued financially also. Not just your company. Unless I earn millions in escrow, than bring it on!

Agents, in California, Escrow is only to comply with Section 28 of the California Residential Purchase Agreement and with our own Escrow Instructions. Please be a little more considerate of us. We work really hard day in and day out to coordinate your transaction for a smooth closing. WE ARE the head of the transaction and with no one cooperating on their end, we CAN'T proceed with a Closing. I think it is unfair, that we are the first ones to get the finger pointed to. WE wait on all of you to move. It's not the other way around. So be a good sport and HELP your Escrow Officer make your deal a smooth one.

Words Women Use

Luisa Orellana, Escrow Officer, Camden Escrow (Camden Escrow) — Sun, 01 Jul 2007 01:24:07 -0500

1) Fine: This is the word women use to end an argument when they are right and you need to shut up.

2) Five Minutes: If she is getting dressed, this means half an hour. Five Minutes is only five minutes if you have just been given five more minutes to watch the game before helping around the house.

3) Nothing: This is the calm before the storm. This means something, and you should be on your toes. Arguments that begin with nothing usually end in fine.

4) Go Ahead: This is a dare, not permission. Don't Do It!

5) Loud Sigh: This is actually a word, but is a non-verbal statement often misunderstood by men. A loud sigh means she thinks you are an idiot and wonders why she is wasting her time standing here and arguing with you about nothing. (Refer back to #3 for the meaning of nothing.)

6) That's Okay: This is one of the most dangerous statements a women can make to a man. That's okay means she wants to think long and hard before deciding how and when you will pay for your mistake.

7) Thanks: A woman is thanking you, do not question, or Faint. Just say you're welcome.

8) Whatever: Is a women's way of saying _F@!K_ (mailto:F@!K) YOU!

9) Don't worry about it, I got it: Another dangerous statement, meaning this is something that a woman has told a man to do several times, but is now doing it herself. This will later result in a man asking "what's wrong", for the woman's response refer to #3.

10) Nevermind: Is usually followed by a sigh. (Refer back to #5)

Who came up with the idea of Father's Day?

Luisa Orellana, Escrow Officer, Camden Escrow (Camden Escrow) — Sun, 17 Jun 2007 10:04:34 -0500

Who came up with the idea of Father's Day?

Her name was Sonora Louise Smart Dodd and she lived in Spokane, Washington. Sonora was the oldest of six children raised by their father, William Jackson Smart, when their mother died during childbirth. Sonora honored and revered her father, and while listening to a Mother's Day sermon, in 1909, she determined there should also be a day to honor fathers

Sonora gained local support and made her dream a reality, one year later, within her own city of Spokane, Washington. Sonora married John Bruce Dodd. She died March 22, 1978, several years after Father's Day became a permanent national observance.

Why June?

In 1910 Sonora chose June 19th, as the day to celebrate Father's Day because that was her father's birthday. With support from the Spokane Ministerial Association and the YMCA, the first Father's Day was celebrated in Spokane on June 19, 1910.

When did the United States begin celebrating Father's Day?

1910 Spokane, Washington celebrates Father's Day.
1924 President Calvin Coolidge proclaimed the third Sunday in June as Father's Day.
1926 The formation of National Father's Day Committee in New York City.
1956 Father's Day was recognized by Joint Resolution of Congress.
1966 President Lyndon B. Johnson signed a presidential proclamation declaring that the third Sunday of June as Father's Day.
1972 President Richard Nixon established a permanent national observance of Father's Day to be held on the third Sunday in June.

Do other countries celebrate Father's Day?

Father's Day is celebrated in every part of the world. In the United States, Canada and most countries in Asia, Father's Day is celebrated on the third Sunday in June.

HAPPY FATHER'S DAY TO ALL THE FATHER'S OUT THERE!! You are celebrated even in the smallest way. Thank You for creating the wonderful gifts of life. Our children. Without You, it wouldn't be possible.

What Makes a Dad...

Luisa Orellana, Escrow Officer, Camden Escrow (Camden Escrow) — Sun, 17 Jun 2007 09:53:08 -0500

God took the strength of a mountain,
The majesty of a tree,
The warmth of a summer sun,
The calm of a quiet sea,
The generous soul of nature,
The comforting arm of night,
The wisdom of the ages,
The power of the eagle's flight,
The joy of a morning in spring,
The faith of a mustard seed,
The patience of eternity,
The depth of a family need,
Then God combined these qualities,
When there was nothing more to add,
He knew His masterpiece was complete,
And so,

He called it ... Dad

To ALL the father's out there....Happy Father's Day! No matter how you spend it, I hope that it's a great day for you! We are blessed to have YOU in this world!

Que es Escrow?

Luisa Orellana, Escrow Officer, Camden Escrow (Camden Escrow) — Mon, 11 Jun 2007 18:40:01 -0500

Un Escrow es un arreglo por el cual alguna tercera persona desinteresada, llamada el poseedor del "Escrow" o "Escrow Officer", retiene documentos legales y también los fondos en favor de un comprador y un vendedor y los distribuye de acuerdo con las instrucciones del comprador y vendedor.

Ambos participantes dependen sobre el "Escrow" para que se llevan acabo fielmente sus mutuas y consistentes instrucciones relativo ala transacción y para aconsejarles si algunas de sus instrucciones no están mutualmente consistente o si no pueden realizarse.

Un "Escrow" es conveniente para el comprador tanto como para el vendedor. De esta manera los dos pueden moverse hacia adelante separados y a la misma vez simultáneamente mientras que se provean inspecciones, informes, compromisos de préstamo y fondos, escrituras de propiedades, u otros artículos, utilizando el "Escrow" como el punto central del depósito. Cuando todas las instrucciones de los participantes estén claramente en forma de redacción, bien detalladas y mutuamente consistente el poseedor del "Escrow" puede tomar acciones en favor de ellos sin mas comunicación. Esto ahorra mucho tiempo y facilita la concusión de la transacción.

Si tiene mas preguntas sobre "Escrow", Estoy aquí para servirle.

Comunicación con su Escrow Officer es una de las más importante cosas que puede hacer mientras vende o compra una casa.

20 Ways to Maintain a Healthy Level of Insanity....

Luisa Orellana, Escrow Officer, Camden Escrow (Camden Escrow) — Thu, 07 Jun 2007 15:45:48 -0500

20 Ways to Maintain a Healthy Level of Insanity:

1. At Lunch Time, Sit In Your Parked Car With Sunglasses on and point a Hair Dryer At Passing Cars. See If They Slow Down.

2. Page Yourself Over The Intercom. Don't Disguise Your Voice.

3. Every Time Someone Asks You To Do Something, Ask If They Want Fries with that.

4. Put Your Garbage Can On Your Desk And Label It "In."

5. Put Decaf In The Coffee Maker For 3 Weeks. Once Everyone has Gotten Over Their Caffeine Addictions, Switch to Espresso.

6. In The Memo Field Of All Your Checks, Write "For Smuggling Diamonds"

7. Finish All Your sentences with "In Accordance With The Prophecy."

8. Don t use any punctuation

9. As Often As Possible, Skip Rather Than Walk.

10. Order a Diet Water whenever you go out to eat with a serious face.

11. Specify That Your Drive-through Order Is
"To Go."

12. Sing Along At The Opera

13. Go To A Poetry Recital And Ask Why The Poems Don't Rhyme

14. Put Mosquito Netting Around Your Work Area And Play tropical Sounds All Day.

15. Five Days In Advance , Tell Your Friends You Can't Attend Their Party Because You're Not In The Mood.

16. Have Your Co-workers Address You By Your Wrestling Name, Rock Bottom.

17. When The Money Comes Out The ATM, Scream "I Won!, I Won!"

18. When Leaving The Zoo, Start Running Towards The Parking lot, Yelling "Run For Your Lives, They're Loose!!"

19. Tell Your Children Over Dinner. "Due To The Economy, We Are Going To Have To Let One Of You Go."

20. And The final way To Keep A Healthy Level Of Insanity.......Is Drink it up!!

It's Called Therapy

To aim at the best and to remain essentially ourselves is one and the same thing...

A WOMAN SHOULD HAVE...

Luisa Orellana, Escrow Officer, Camden Escrow (Camden Escrow) — Sun, 03 Jun 2007 16:06:25 -0500

A WOMAN SHOULD HAVE...

enough money within her control to move out and rent a place of her own, even if she never wants or needs to...

A WOMAN SHOULD HAVE...something perfect to wear if the employer, or date of her dreams wants to see her in an hour...

A WOMAN SHOULD HAVE...a youth she's content to leave behind....

A WOMAN SHOULD HAVE...a past juicy enough that she's looking forward to retelling it in her old age....

A WOMAN SHOULD HAVE...a set of screwdrivers, a cordless drill, and a black lace bra...

A WOMAN SHOULD HAVE...one friend who always makes her laugh... and one who lets her cry...

A WOMAN SHOULD HAVE....a good piece of furniture not previously owned by anyone else in her family...

A WOMAN SHOULD HAVE...eight matching plates, wine glasses with stems, and a recipe for a meal, that will make her guests feel honored...

A WOMAN SHOULD HAVE...a feeling of control over her destiny...

EVERY WOMAN SHOULD KNOW...how to fall in love without losing herself..

EVERY WOMAN SHOULD KNOW...how to quit a job, break up with a lover, and confront a friend without; ruining the friendship...

EVERY WOMAN SHOULD KNOW...when to try harder... and WHEN TO WALK AWAY...

EVERY WOMAN SHOULD KNOW...that she can't change the length of her calves, the width of her hips, or the nature of her parents..

EVERY WOMAN SHOULD KNOW...that her childhood may not have been perfect...but its over...

EVERY WOMAN SHOULD KNOW...what she would and wouldn't do for love or more...

EVERY WOMAN SHOULD KNOW...how to live alone... even if she doesn't like it...

EVERY WOMAN SHOULD KNOW.. whom she can trust, whom she can't, and why she shouldn't take it personally...

EVERY WOMAN SHOULD KNOW...where to go...be it to her best friend's kitchen table or a charming inn in the woods...when her soul needs soothing...

EVERY WOMAN SHOULD KNOW...what she can and can't accomplish in a day...a month...and a year...

WE'VE woken up and smelled the coffee. WE can do whatever our hearts and mind sets us to.

Tag...I'm it!!

Luisa Orellana, Escrow Officer, Camden Escrow (Camden Escrow) — Wed, 30 May 2007 16:18:14 -0500

Wow! what an Honor! I've been Meme'd. Tag I'm it!! I was tagged by Brad Anderso"h"n. He sent me an e-mail saying "Tag, You're it!" That's an honor. At first, I didn't know what to think. Because I kinda had an idea of what Meme was about, Kinda. I had seen some meme posts around and heard about the fuzz, but really didn't pay much attention to them. Until Now. Just my luck! I was tagged yesterday and couldn't sleep because I was thrilled and wanted to think of what I can post in my meme.

Ok, so I know you have to share 5 things that most of you DONT know about me. That's pretty difficult. LOL! because there is soo much to know about me. LOL! yeah....right! I'm I comfortable with letting many of YOU know?

Hmmm...? Should I expose a little or Not!? Should it just be enough to keep you interested and wondering? You I be a tease and have you begging for more? LOL! This is fun already!! Well....hope I can satisfy your thirst. Make sure to leave your comments please.....

Ok, what the heck....here it goes....

1) My Name: I was given my name in honor of my Grandmother and Aunt. However, since my mother felt they were too many Maria Luisa's Orellana in the family, my father decided to switch it around and named me Luisa Maria Orellana. I've been told Maria is reminded of the West Side Story and Ricky Martin seems to like my name too.

2) My Birthday: I was born October 13 and I am a 27 year old. Apparently I share my Famous Birthday with a few celebrities, like Ashanti, Sacha Baron Cohen "Borat", Marie Osmond, Sammy Hagar, Jerry Rice, Kelly Preston, Nancy Kerrigan, Chirs Carter, Paul Simon, Nana Mouskouri, Lenny Bruce, Margaret Thatcher, Nipsey Russel, Yves Montand, and Cornel Wilde to name a few.

3) My Sign: I am a Libra. And I do consider myself to be a very diverse individual. I like pretty much everything. Music goes from Santana, Linkin Park, Metallica, Shakira, J-LO, Fergie, Gwen Stefani, Faith Hill, etc. I am so diverse with Music that anything that has instruments I love. From Jazz, to Rock, R&B, Country, Soul, Gospel, Blues, Salsa, just anything. I love music! I also love Food! I do consider myself to be naturally kind, very gentle, and an honest person.

4) My Sons: Are my pride and joy.

Cameron & Sam. I had Cameron on January 4th when I was 20 years old and had Sam on August 30 when I was 26 years old. My husband and I named Cameron after James Cameron and Cameron Diaz, which is a Trip because Cameron Diaz was born on Sam's birthday, August 30th. Sam was named Sam, because Cameron fell in love with that name. And at the very last minute it stuck. We figured Cameron has a unisex name and Sam can be unisex too. So Sam it was.

5) My Husband: Whom I've been with since 1996 and got married to on July 11, 2004 (7/11 -Good Luck Date!)

Drum Roll...pleaseee.....urghhh.......here it goes.....LOL! My Husband is David Corea!! There I've said it. A fellow Rainer. I just got a Monkey Off my back. Yup, I sure did! I know you didn't see that one coming. LOL! He is an AR member, which doesn't blog much here. But he is the most amazing man I know. We have alot in common. He is a great Father, Husband and Friend. And most importantly, he makes me laugh like crazy. I laugh everyday because of him. I love him very much!! Ok...I've confessed!!!

Wow! I did it!! Whoo-hoo! I'm an official Memer! LOL!

So now I have to tag 3 other people with a "meme". The winners are.....

Irina Netchaev, Ray Saenz, and Nicolette "Nikki" Ceballos.

I'm not sure if they've been meme'd already. But I know there is no limit from what I've read. They're tagged!! Irina, Ray, and Nikki, TAG YOUR IT!!!

Someone's Story...

Luisa Orellana, Escrow Officer, Camden Escrow (Camden Escrow) — Fri, 25 May 2007 17:58:38 -0500

This was sent to me today and thought I would share. It really touched me today.

A friend of mine opened his wife's underwear drawer and picked up a silk paper wrapped package: "This", he said "isn't any ordinary package." He unwrapped the box and stared at both the silk paper and the box. "She got this the first time we went to New York , 8 or 9 years ago. She has never put it on and was saving it for a special occasion.

Well, I guess this is it. He got near the bed and placed the gift box next to the other clothing's he was taking to the funeral house. His wife had just died. He turned to me and said, "Never save something for a special occasion. Every day in your life is a special occasion." I still think those words changed my life. Now I read more and clean less. I sit on the porch without worrying about anything. I spend more time with my family and less at work. I understand that life should be a source of experience to be lived up to, not survived through. I no longer keep anything. I use crystal glasses every day. I'll wear new clothes to go to the supermarket, if I feel like it. I don't save my special perfume for special occasions, I use it whenever I want to.

The words "Someday..." and "One Day..." are fading away from my dictionary. If it's worth seeing, listening or doing, I want to see, listen or do it now. I don't know what my friend's wife would have done if she knew she wouldn't be there the next morning. This nobody can tell. I think she might have called her relatives and closest friends. She might call old friends to make peace over past quarrels. I'd like to think she would go out for Chinese, her favorite food. It's these small things that I would regret not doing, if I knew my time had come. I would regret it, because I would no longer see the friends I would meet, letters that I wanted to write.. "One of these days". I would regret and feel sad, because I didn't say to my brother and sisters, son and daughters, not enough times at least, how much I love them. Now, I try not to delay, postpone or keep anything that could bring laughter and joy into our lives. And on each morning, I say to myself that this could be a special day. Each day, each hour, each minute, is special. If you got this, it's because someone cares for you and because, probably, there's someone you care about. If you're too busy to send this out to other people and you say to yourself that you will send it "One of these days", remember that "One day" is far away...or may never come. - Jovanna Macias

WOW! How touching. This made me think. I'm always complaining that there isn't enough hours for work, family and love, but this touched me. It made me realize that I gotta slow down and . Its hard to keep up with life and hard to slow yourself down and live each day as if there is no tomorrow. Today, I will slow myself down and enjoy everyday at a time, because I was reminded. So I say, everyone join me! Do something positive each day, smile and laugh often.

Plan your Memorial Day weekend

Luisa Orellana, Escrow Officer, Camden Escrow (Camden Escrow) — Thu, 24 May 2007 18:01:29 -0500

Memorial Day marks the unofficial start of summer, so kick off the season right this weekend....

Throw a Barbecue Party, or go to a BBQ party. So as long as you don't end up like this on top of a table.

Embrace the great outdoors.

Grab some sandwiches and have a picnic, go for a bike ride at a local park, Or just have a nice relaxing day people watching while having an Iced Coffee or Ice Cream with the kids. But most of all remember to take some time to reflect on the history of Memorial Day. Search for events happening this Memorial Day. No matter what you do, hope you have a great time taking off for this 3 day weekend.

Bar Celona, Pasadena, CA.

Luisa Orellana, Escrow Officer, Camden Escrow (Camden Escrow) — Thu, 24 May 2007 16:36:35 -0500

A modern Spanish Tapas Bar, Restaurant and late-night Lounge in the historic Colorado Boulevard retail district of Old Pasadena.

A lively, casual and eclectic sophisticated atmosphere featuring live music, flamenco dancing and late-night DJ's with soaring contemporary, architectural design.

The food is great. So when you're in Old Pasadena, visit Bar Celona, located at 46. E Colorado Blvd, Pasadena CA 91105 - (626) 405-1000.

My suggestions:

S I G N A T U R E P A E L L A S - Paella Bar Celona
Signature Paella for two people with Green lip mussels, manilla clams, calamari,
shrimp, scallops Spanish chorizo, pork, roast chicken, and Alaskan King Crab legs. Delicious!

Must have: Flamenco Kiss (Martini) - Stoli Vanil & fresh strawberries. The Best! but be careful, it's one of those that are so good, you can't stop having them.

Ole! Enjoy!

CAL-FIRPTA Withholding 2007

Luisa Orellana, Escrow Officer, Camden Escrow (Camden Escrow) — Wed, 23 May 2007 18:33:50 -0500

On September 22, 2006, the Governetor (California) signed AB 2962. This new law amends Revenue and Taxation Code Sections 18662 and 18668, making changes to real estate withholding requirements for all transactions closing on or after January 1, 2007. Commonly referred to as "CAL-FIRPTA".

Previously, where withholding was required under CAL FIRPTA, a Seller had to withhold 3 1/3% of the property's gross sale price. Now, for all transactions closing on or after January 1, 2007, a Seller may choose between the original withholding method or elect an alternate withholding amount based on the Seller's estimated gain. The alternate withholding amount will be based on the calculation of applying the maximum tax rate to that Individual or Entity, as Seller, to the Seller's estimated gain.

The maximum tax rates are:

Individuals: 9.3 % percent
Corporations: 8.84 % percent
Banks & Financial Corps: 10.84 % percent
S Corporations: 1.5 % percent
Financial S Corporations: 3.5 % percent

Seller's electing the new alternative withholding amounts based on their gain will be required to certify the amounts in writing, under penalty of perjury. The new form for calculating a Sellers gain is entitled Form 593E (Real Estate Withholding-Computation of Estimated Gain or Loss), which can be obtained through your Escrow Officer or the California Franchise Tax Board's Forms website. For more information about these changes, I suggest you read California Real Estate Withholding Information for Sellers and Buyers and Changes to California Real Estate Withholding Law for 2007. And contact your CPA or the FTB to help you out with any Withholding questions.

My Sweet Escape.....

Luisa Orellana, Escrow Officer, Camden Escrow (Camden Escrow) — Wed, 23 May 2007 15:50:30 -0500

Like maybe most here on Active Rain, I can't seem to get away from Active Rain. I am completely addicted and seemed to have changed one addiction for another.

First, it was Full Tilt poker on-line. Now, its all about Active Rain. Active Rain is my Sweet Escape. I spend countless hours reading blogs and gaining knowledge. I don't write many blogs, as I have trouble trying to come up with what to write about. But I am addicted to everyone here. My husband is the first one to know. He says I spend too much time on AR. But I've never been a big movie watcher, T.V. Show fan, or like reading books much, as I tend to fall asleep when I read books. But AR is a whole different thing. I love the fact that I can read, read, read and interact with the writers. With a book, I can't even reply. And the opinions and comments I get are valuable to me. As it helps me grow. So to me, Active Rain is my SWEET ESCAPE. I get to learn about what I love and that's Real Estate.

Sharing My Kids with ya....

Luisa Orellana, Escrow Officer, Camden Escrow (Camden Escrow) — Fri, 11 May 2007 14:53:19 -0500

I wanted to share with all of you my pride and joys. My two beautiful boys.

My 6 yr. Old Cameron & 8 month old Sam.

I love my kids. And they make me feel special everyday. I am truly blessed.

I wish all mom's a great day! And share your kids with us. I would love to see more personal pics here on AR. After all, we are Mom's and Professionals. So join me. Who are your kids? ;)

HAPPY MOTHER'S DAY! Prettiest Mom...

Luisa Orellana, Escrow Officer, Camden Escrow (Camden Escrow) — Fri, 11 May 2007 13:42:20 -0500

I wanted to share this with all of the Mom's here on Active Rain.

You've been hit, Prettiest Moms.

Before I was a Mom

I never tripped over toys or forgot words to a lullaby.

I didn't worry whether or not my plants were poisonous.

I never thought about immunizations.

Before I was a Mom - I had never been puked on.

Pooped on.

Chewed on.

Peed on.

I had complete control of my mind and my thoughts.

I slept all night.

Before I was a Mom

I never held down a screaming child so doctors could do tests.

Or give shots.

I never looked into teary eyes and cried.

I never got gloriously happy over a simple grin.

I never sat up late hours at night watching a baby sleep.

Before I was a Mom

I never held a sleeping baby just because I didn't want to put
him down.

I never felt my heart break into a million pieces when I
couldn't stop the hurt.

I never knew that something so small could affect my life so
much.

I never knew that I could love someone so much.

I never knew I would love being a Mom.

Before I was a Mom -

I didn't know the feeling of having my heart outside my body.

I didn't know how special it could feel to feed a hungry baby.

I didn't know that bond between a mother and her child.

I didn't know that something so small could make me feel so
important and happy.

Before I was a Mom -

I had never gotten up in the middle of the night every 10
minutes to make sure all was okay.

I had never known the warmth, the joy, the love, the heartache,
the wonderment or the satisfaction of being a Mom.

I didn't know I was capable of feeling so much, before I was a
Mom.

Being a Mom is the most wonderful feeling anyone can ask for. It's a blessing. And for those who can't be, you are blessed with Friends and Family and most of all LOVE. So don't feel left out. Our lord doesn't leave anyone out. You are blessed too!

HAPPY MOTHER'S DAY TO ALL THE AR MOM'S. HAVE A WONDERFUL DAY FULL OF LOVE & LAUGHTER!

What is the fee for the escrow service?

Luisa Orellana, Escrow Officer, Camden Escrow (Camden Escrow) — Sat, 05 May 2007 02:04:07 -0500

What is the fee for the escrow service?

Many believe the escrow fees are set by law. Escrow fees are NOT GENERALLY regulated by law or by SOME state statues. But Check your States Statue for regulation on Escrow Fees. Escrow Fees are set by each escrow company or escrow officer.

Although many individuals complain about the escrow and closing costs involved in the property transaction, it is a required step that is necessary to protect both sides during what is an expensive business arrangement. Escrow and closing costs can make up a component of 3% to 6% of the total purchasing costs. However, real estate laws now make this stage transparent, as both the homebuyer and home seller are able to see in writing the total number of escrow and closing costs has been charged to them.

The escrow fee is normally based on the size and complexity of the transaction. Also on the liability assumed and the cost of producing the service. Since there are so many types of escrows and every transaction is different, there are no set fees. It may be necessary to charge additional fees for extra or unusual services performed during the course of the escrow.

Escrow fees may vary depending on your local area. Normally, the fees are higher in larger areas than in smaller ones. Now in days, the fees for an escrow in Southern California is $550.00 minimum for a refinance transaction and $1.95 per thousand, plus a base fee on a sale transaction and other fees may apply, depending on the complexity of the transaction. Escrow fees vary from state to state and even from county to county.

Upon request, your escrow officer will be able to provide you with an estimate of costs as well as those costs charged by others, provided such information is available. Usually the escrow fee is divided in accordance with the agreement of the parties.