YOU HAVE QUESTIONS, WE HAVE ANSWERS! VIVA ESCROW Q & A SEGMENT (Real questions sent to us – verbatim!) QUESTION: I have a question on prorations. I am the Buyer and my transaction is closing on May 31. When you prorate the tenant’s rent, do you prorate on 30 days or 31 days? Do you … Read more
YOU HAVE QUESTIONS, WE HAVE ANSWERS! VIVA ESCROW Q & A SEGMENT (Real questions sent to us – verbatim!) QUESTION: Can you please share with me about how the process works with a county assessor coming out to reassess the property’s value based on the purchase price? My property is in Los Angeles. How are … Read more
YOU HAVE QUESTIONS, WE HAVE ANSWERS! VIVA ESCROW Q & A SEGMENT (Real questions sent to us – verbatim!) QUESTION: The real estate broker gave us a commission disbursement agreement (CDA) that says to wire the agent’s share of the commission to the agent’s corporation. However, before we did so, the agent called and said … Read more
YOU HAVE QUESTIONS, WE HAVE ANSWERS! VIVA ESCROW Q & A SEGMENT (Real questions sent to us – verbatim!) QUESTION: This question came in via email from the RE Agent at 9:00 p.m. the night before the closing of the transaction: “As I review the closing estimate, one thing needs to be removed – “Security … Read more
YOU HAVE QUESTIONS, WE HAVE ANSWERS! VIVA ESCROW Q & A SEGMENT (Real questions sent to us – verbatim!) QUESTION: Is an escrow limited to who and what they can pay from the Seller’s net proceeds at closing? ANSWER: A very good question! We actually get that question a lot so I want to preface … Read more
Happy Chinese New YearJan 29, 2025Year of the Snake Google says : The Snake is associated with good luck, prosperity, fertility and longevity. Those born in a Year of the Snake are thought to be extra charming, creative and elegant. This is my year! YOU HAVE QUESTIONS, WE HAVE ANSWERS!VIVA ESCROW Q & A SEGMENT(Real … Read more
Happy 2025!May it be better than 2024… or 2023… or…. YOU HAVE QUESTIONS, WE HAVE ANSWERS! VIVA ESCROW Q & A SEGMENT (Real questions sent to us – verbatim!) QUESTION: My Seller is going out of the country and needs a power of attorney to his sister while we are selling his property. Can you … Read more
YOU HAVE QUESTIONS, WE HAVE ANSWERS! VIVA ESCROW Q & A SEGMENT (Real questions sent to us – verbatim!) QUESTION: I have concerns as my purchase escrow closed a few weeks ago and I still have not received the original deed. I need it for school registration, etc. I wasn’t sure if the final deed … Read more
Elections! DID. YOU. VOTE? YOU HAVE QUESTIONS, WE HAVE ANSWERS! VIVA ESCROW Q & A SEGMENT (Real questions sent to us – verbatim!) QUESTION: Hi, in my purchase closing documents, I received the recorded “grant deed”. I wasn’t sure if this was the official one, because there’s a part that’s crossed out and hand-corrected. That … Read more
YOU HAVE QUESTIONS, WE HAVE ANSWERS! VIVA ESCROW Q & A SEGMENT (Real questions sent to us – verbatim!) QUESTION: Residential purchase in California. Is Buyer entitled to a final disbursement document for both Seller and Buyer, or just for Buyer’s side? ANSWER: It doesn’t matter what type of transaction. We only provide the clients … Read more