Concurrent closings are a common escrow situation where a client is conducting two real estate deals, and wants them both to close on the same day. It sounds like a simple, straightforward matter of timing; in reality, the request for a concurrent close can be...
One of an escrow officer's simpler jobs is calculating the amount of property tax that is payable by the buyer and the seller on any given real estate transaction. One of the agent's tougher jobs can be explaining to the buyer why they may get...
Real estate transactions, and the escrow processes that make then happen, sometimes have a level of industry jargon that can be confusing or intimidating to buyers and sellers who aren't familiar with the meaning behind the words. This is the first in a series of definitional...
Closing fees are a prickly part of any real estate deal. This is where everybody involved in the sale and transfer - lenders, lawyers, government agencies, and the escrow company - add their numbers to the bottom line. Perhaps the worst thing about closing fees...
As you learned in Part 1 of our series on Indian Leased Land Escrows, when you're dealing with Indian Leased Land, it's just that: a lease. The person leasing the property is the Lessee. Most of the properties on Indian Leased Land are owned individually...
In the Coachella Valley, we often handle real estate escrows for property that is located on Indian Leased Land. The Bureau of Indian Affairs-Palm Springs Agency, has federal jurisdiction over the land on the Agua Caliente Indian Reservation. This reservation encompasses approximately 28,000 acres in...
When you're dealing with a Seller who is not a U.S. citizen and is considered by the government as a non-resident alien for purposes of United States income taxation, you can avoid escrow delays and minimize the Seller's frustrations by knowing and understanding the basic...
Across California, as we process escrows for same-sex buyers and non-married couples over the age of 62 who are buying permanent residences or vacation homes, the topic of registered domestic partnerships arises. It's important when choosing how to hold title to know how California law...
For years here in California, the Lennar Charitable Housing Endowment (part of the Lennar Family of Homebuilders) has been helping the transitionally homeless - those made homeless because of domestic violence, unemployment, a catastrophic illness - by supporting charities that help people get back on...
In a recent post, the nuts-and-bolts differences between REO (Real Estate Owned) escrows and standard escrows were discussed. This post is designed to highlight a significant psychological difference that can help you and your clients successfully navigate the REO terrain: patience. For a number of reasons,...