escrow: 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 … (0 comments)
|
escrow: What is a Reverse Mortgage? - 08/21/08 06:47 PM
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 … (0 comments)
|
escrow: 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)
|
escrow: 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 … (12 comments)
|
escrow: 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)
|
escrow: 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)
|
escrow: 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 … (3 comments)
|
escrow: 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 … (2 comments)
|
escrow: 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)
|
escrow: 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)
|
escrow: 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)
|
escrow: Escrow Closing Procedures Around The United States - 04/17/07 06:02 PM
This is a very long article. But stroll to your state to look up the information. Thought I would share.
This summary is merely a general reference guide. Local practices within your city or county may differ. Contact a local title company or real estate attorney for specific information. This is not … (17 comments)
|
escrow: 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)
|
escrow: 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)
|
escrow: 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)
|
escrow: 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)
|
escrow: What is Escrow? Who chooses the Escrow and When? How Does Escrow Work? FAQ's - 04/02/07 01:20 AM
What is Escrow? Escrow is a service that provides a means of security in the handling of important funds and documents. The California Escrow Law, Section 17003 of the Financial Code, provides the legal definition of escrow. An escrow holder works with the Buyers, Sellers, Lenders and Borrowers ("the principals") involved … (3 comments)
|
escrow: Why choose us? An Independent Escrow Company. - 04/02/07 01:04 AM
… (3 comments)
|
;)
Links;)
Tags (Tag Cloud);)
Archives
