california: Designating The Escrow Holder - 08/26/08 04:06 PM
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 … (3 comments)
california: Short Sales Are Back - 08/20/07 07:59 PM
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 … (10 comments)
california: What is an Escrow Officer? - 07/11/07 03:43 PM
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 … (13 comments)
california: Property Disclosure Report - 07/11/07 12:10 AM
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 … (6 comments)
california: It is NOT my job... - 07/07/07 08:32 PM
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 … (18 comments)
california: Que es Escrow? - 06/11/07 06:40 PM
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 … (5 comments)
california: Bar Celona, Pasadena, CA. - 05/24/07 04:36 PM
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. … (2 comments)
california: What is the fee for the escrow service? - 05/05/07 02:04 AM
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 … (3 comments)
california: I still have questions about the transaction, where can I go for answers? - 05/04/07 02:05 AM
If negotiations have been conducted through a real estate agent, that person, or his/her broker, should be your primary consultant. The role as an independent agent prohibits the escrow officer from answering many of your questions. However, a knowledgeable escrow officer, whose responsibility is giving impartial service to all the parties, will … (4 comments)
california: What types of transactions go through escrow? - 05/04/07 01:49 AM
Most contracts that involve the transfer, lease or financing of real or personal property can be placed in escrow. You may be involved in escrow not only when you buy or sell a home, but also when you buy a mobile home, sell a business or transfer stock in a closely … (2 comments)
california: The Escrow Instructions are ready, now what? - 05/04/07 01:32 AM
The Escrow Instructions are ready, now what? When the escrow officer receives the purchase agreement or instructions to open escrow, she or he will type the escrow instructions based on that agreement. The escrow instructions have been prepared, read them carefully to determine that they are complete and properly reflect your total agreement. … (5 comments)
california: Lucilles BBQ, California - 04/27/07 12:30 PM
Lucille's BBQ is smokin' mmm....good. Another great place that I recommend when you're in town. Visit Lucilles BBQ sometime. I've been to the Long Beach and Torrance locations. Loved it! My Favorites.... LUCILLE'S BBQ COMBO PLATTER: Your choice of any two meats: BBQ tri tip, BBQ half chicken, baby back ribs, St. Louis ribs, beef ribs, smoked … (9 comments)
california: Shula's 347, Los Angeles, CA. - 04/17/07 05:55 PM
The atmosphere is casual and full of energy, which includes a high impact bar, dark woods and a stunning video system. Granite topped tables and dark leather booths offer a different appeal and destination for the local market, and the bar becomes a place of socializing with wine and martinis. For … (1 comments)
california: Bubba Gump Shrimp, California - 04/13/07 06:24 PM
Another one of my favorites. I'v been to the Santa Monica and Long Beach Locations. Both great places! Try the: Shrimper's Net Catch - Shrimp steamed in beer to tender perfection and served with your choice of our aromatic Bubba's garlic spice or secret recipe cajun spice. With a Jenny's Favorite - Strawberries, cranberry juice, and raspberry … (5 comments)
california: Will the Escrow Officer review the Loan Documents with my client? - 04/12/07 01:30 AM
When your client sits down for a loan signing, whether it's with a title company, an escrow office, an attorney's office, or any other location, they will be asked to sign a number of documents. Among these documents will be loan papers, if they are taking out a loan, which the … (2 comments)
california: Does The Right Closing Date Make a Difference? - 04/12/07 12:25 AM
I am often asked if the Closing Date makes a difference. My answer is YES!! When both Buyer & Seller sign a Purchase Agreement, it is binding. The provisions in the contract will spell out the events in which must take place before the close of escrow. Within that Agreement will be … (3 comments)
california: Smitty's Grill in Pasadena, CA. - 04/11/07 04:51 PM
If you want to go to a place that is Friendly and Celebrates the All-American comfort cuisine of our past, than Smitty's is for you. The menu is full of great old fashioned favorites. Mine is the Grilled Rack of Lamb with Mashed Potatoes and Fresh Seasonal Veggies. I love this place! Especially … (2 comments)
california: Getting Started in Escrow/Settlement - 04/05/07 02:39 PM
How can someone enter into escrow or real estate settlement profession. Would they be suited to the job or would they like the business? Young professionals, stay-at-home moms, even seasoned account executives all ask the questions: What requirements are needed to enter into the escrow profession? What does the job entail? How do I … (7 comments)
california: Milano's of Glendale, California - 04/03/07 05:20 PM
I thought I would share with you, One of my favorite Italian Restaurants in Glendale, CA. If you're ever in that area and want to have great Italian food, drop by for lunch or dinner. The food is delicious!! Yum...My favorites: The Herbed Grilled Chicken, Scaloppine and the Salmon. But everything is sooo good there. Let … (3 comments)
california: Important Notice Re: Prop. taxes while in escrow - 04/02/07 02:31 PM
IMPORTANT NOTICE REGARDING PROPERTY TAXES WHILE IN ESCROW While your property is in escrow, PLEASE DO NOT PAY ANY OF YOUR REAL PROPERTY TAXES WITHOUT FIRST CONTACTING YOUR ESCROW OFFICER. If the title company cannot verify that your taxes are paid, it will be necessary to hold the amount of the installment … (2 comments)
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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 … (3 comments)
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