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
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
YOU HAVE QUESTIONS, WE HAVE ANSWERS! VIVA ESCROW Q & A SEGMENT (Real questions sent to us – verbatim!) QUESTION: I was given a signed Quitclaim Deed to a small piece of property as the person could not pay me for money I loaned him. How can I tell if this document was prepared correctly? … Read more
Selling a City of LA property after April 1, 2023? Here is what you need to know: Payment of City Transfer Tax$4,999,999 sales price @ 0.45% = $22,500.00$5,000,000 @ 4.45% = $222,500.00 Here is the link to the City provided Calculator And this does not even take into account the County Transfer Tax What a … Read more