February 2024 Newsblog

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(Real questions sent to us – verbatim!)

If I have an escrow that was opened and the deed was already signed, then escrow cancels and reopens with a new buyer. Can I use the same deed?  I don’t normally because of  the deed being drawn prior to my new contract.  I usually have the seller sign a new one.  But this Seller signed this overseas at the American Consulate and is unwilling to go back and have it re-done. Title Company said they are fine with the old one, what are your thoughts?

No, no, no! I would definitely not use the old deed. The deed is dated and signed in consideration to a previous contract Buyer. DO NOT white out and change the Buyer’s names to reflect the new contract (which has a different date) over the Seller’s signature. I am sorry the Seller has to make another appointment at the American Consulate, I know it is a tedious process, but that deed has to be re-done and re-signed. 

Two things come to mind:

  1. A person’s signature on a document signifies that they have reviewed everything that is stated and consents to it. I look at the grant deed as part of the contract between Seller and Buyer.   
  1. When can we change the contract if a change is needed?   

Any substantial change to the document is a change in the contract and like any other contract, it should be re-signed or amended with signature approval of such amendments.

Let’s say the change is not due to a new transaction with a new Buyer. Let’s say it is a correction of the Buyer’s name or some other typographical error. Can the Escrow Officer make the change on that signed document without having it re-signed and re-notarized? Most Escrow Officers will allow such a change as long as they obtain an authorization from the signer prior to doing so.  


~ Video of the Month ~ 

Teaching differences between Chinese and Japanese kids


~ Quote of the Month ~

For those of us who are seniors and think we can still multi task,

“Concentrate every minute on what’s in front of you”

~ Marcus Aurelius ~ 



As the Seller or Borrower, do you know what Escrow can or cannot do regarding the disbursement of your net proceeds?

The catch to the disbursement of net proceeds


You Have Questions? We Have Answers!

“Escrow is my FOREMOST language!”

Advance Disclosure:
The opinions expressed in this blog are solely the author’s. 
Your comments and viewpoints are always welcome.
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