Juliana Tu Happy End-Of-Summer-Labor-Day! Ready for Christmas? YOU HAVE QUESTIONS, WE HAVE ANSWERS! VIVA ESCROW Q & A SEGMENT (Real questions sent to us – verbatim!) QUESTION: I owe my brother money and I want to pay him when I sell my property. The escrow officer refuses to do that when she closes escrow. She says it … Read more
YOU HAVE QUESTIONS, WE HAVE ANSWERS! VIVA ESCROW Q & A SEGMENT (Real questions sent to us – verbatim!) “Adding someone to property ownership? Easy come, hard go!” QUESTION: Background – I’m opening an escrow and there are 2 people on ownership. A widow and a single man. This is the conversation with my client … Read more
YOU HAVE QUESTIONS, WE HAVE ANSWERS! VIVA ESCROW Q & A SEGMENT (Real questions sent to us – verbatim!) QUESTION: (Phone call in Chinese) Caller – I want to sell my mother’s condo. She passed away in China. Can you tell me what I need to do first? Me – Did she own the property … Read more
YOU HAVE QUESTIONS, WE HAVE ANSWERS! VIVA ESCROW Q & A SEGMENT(Real questions emailed/called in to us) QUESTION: My daughter sold her condo in LA and I am helping her with filing income taxes. She has owned and used the property as her principal residence for more than 2 out of the 5 year period right … Read more
YOU HAVE QUESTIONS, WE HAVE ANSWERS! VIVA ESCROW Q & A SEGMENT (Real questions sent to us – verbatim!) QUESTION: If Party A is looking to buy a location from Party B to operate a new business, will we need an escrow to handle the transaction? Party B is not actually selling his business. Just … Read more
Happy Spring! CA Property Taxes Due Date Reminder – April 10 YOU HAVE QUESTIONS, WE HAVE ANSWERS! VIVA ESCROW Q & A SEGMENT (Real questions sent to us – verbatim!) QUESTION: My father passed away 3 years ago and my siblings and I finally decided to sell his property. It was in my father’s Trust … Read more
Thank goodness it is time to Spring Forward! Sunday, March 10, 2024 YOU HAVE QUESTIONS, WE HAVE ANSWERS! VIVA ESCROW Q & A SEGMENT (Real questions sent to us – verbatim!) QUESTION: I sold my coffee shop and the Buyer took over the business. But the escrow refuse to give me my money. What can I … Read more
Enter the Dragon! Happy Chinese New Year February 10, 2024 Original image from Canva YOU HAVE QUESTIONS, WE HAVE ANSWERS!VIVA ESCROW Q & A SEGMENT(Real questions sent to us – verbatim!) QUESTION: If I have an escrow that was opened and the deed was already signed, then escrow cancels and reopens with a new buyer. … Read more
Happy 2024! YOU HAVE QUESTIONS, WE HAVE ANSWERS! VIVA ESCROW Q & A SEGMENT (Real questions sent to us – verbatim!) QUESTION: A question from an Escrow Officer – I had a transaction in which the Trustee was deceased and the Successor Trustee, unknown to me, was a German citizen. The property sold was the original … Read more
HAPPY HOLIDAYS! YOU HAVE QUESTIONS, WE HAVE ANSWERS! VIVA ESCROW Q & A SEGMENT (Real questions sent to us – verbatim!) QUESTION: My attorney helped my mom with a deed to transfer the property to her Trust. But he said I have to contact an Escrow Company to get a preliminary change of ownership form, … Read more