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
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