Juliana Tu California Property Taxes are out and due November 1, 2023 Friday, November 10, 2023 is Veteran’s Day (Observed Holiday) No Fundings, No Recordings YOU HAVE QUESTIONS, WE HAVE ANSWERS! VIVA ESCROW Q & A SEGMENT (Real questions sent to us – verbatim!) QUESTION: What happens if an LLC has a deed of trust on my … Read more
YOU HAVE QUESTIONS, WE HAVE ANSWERS! VIVA ESCROW Q & A SEGMENT (Real questions sent to us – verbatim!) QUESTION: I am a new Buyer and I can’t find property insurance. Do you have any insurance companies that can help? ANSWER: California’s problems with the insurance industry have been going on for a long time, … Read more
YOU HAVE QUESTIONS, WE HAVE ANSWERS! VIVA ESCROW Q & A SEGMENT (Real questions sent to us – verbatim!) QUESTION: I represent a Seller in a transaction in which the Seller is a foreigner. The sales price is $650,000 and according to your article, the withholding should be 10% because the sales price is under … Read more
YOU HAVE QUESTIONS, WE HAVE ANSWERS! VIVA ESCROW Q & A SEGMENT (Real questions sent to us – verbatim!) QUESTION: Recently, my cousin found a notarized document, a completed quitclaim deed that she signed 3 years ago and forgot to have it recorded. The notary stamp shows the date of the notary person has expired. … Read more
Happy Independence Day! YOU HAVE QUESTIONS, WE HAVE ANSWERS!VIVA ESCROW Q & A SEGMENT(Real questions sent to us – verbatim!) QUESTION: I read your article online about deeds of trusts and notes. I am looking to close the loop on a deed of trust with a private investor that has been paid. How do I … Read more
YOU HAVE QUESTIONS, WE HAVE ANSWERS! VIVA ESCROW Q & A SEGMENT (Real questions sent to us – verbatim!) QUESTION: What if the HOA of a property I am buying gave a statement to the escrow that they need the new homeowners to pay the monthly dues for the whole year in advance instead of … Read more
As an escrow professional we get standard fill-in-the blanks forms used in a real estate or business transaction and we look at what was completed and say, “What?” Was the form reviewed before signing? Does it reflect the correct intentions of the parties? A contract is an important document and places obligations on all parties … Read more
If you are paying of a lien or loan out of your own pocket, it is important to keep proof of this payoff in your permanent records. It may be needed if your CPA requires it for your income tax return. More importantly, if you sell or refinance the property or business, the escrow and … Read more
Are you checking the basics when starting a new real estate transaction? It is important that you confirm one very important fact early in the transaction – which city is the property located in? Basic, right? But it matters because different cities have different requirements. Here is my video – And if you are interested … Read more
When we get a document back and the notary really screwed up the notarization, not only do we have a very frustrated Escrow Officer, but also frustrated clients who have to re-do the signing and delays the closing. For notaries out there, this Escrow from the Trenches story is for you!