Real estate blog entries tagged with fsbo by Luisa Orellana, Escrow Officer, Camden Escrow (Camden Escrow)

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fsbo: 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)

fsbo: 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)

fsbo: 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)

fsbo: 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)

fsbo: 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)

fsbo: 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)

fsbo: 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 … (7 comments)

fsbo: Why choose us? An Independent Escrow Company. - 04/02/07 01:04 AM

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