Escrow
“We’re in escrow!” Those wonderful words can be exciting and confusing even for well-informed consumers. Plenty of folks do not fully grasp what escrow means and what purpose it serves. Once a buyer and seller have signed a mutually acceptable purchase agreement, the buyer deposits earnest money in an escrow account at the title company…
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Closing on a house can be frightful. But a new home is so delightful. And since we’re all set to go. Let it close, let it close, let it close. While getting to the closing table isn’t always lively and fun, we still love to get there. There are a few potentially slippery steps from…
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When someone is buying a house, there is a deadline in which to deliver their earnest money to the title company. And they’d better not miss it. We don’t care if it’s too hot outside, they overslept, or the dog ate their homework. A deadline is a deadline. A buyer has three days to deposit…
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By Lydia Blair Special Contributor When a person dies holding real estate in their name, the property doesn’t transfer to heaven. Some people think the situation can become quite the opposite. The process can be agonizing. The owner who has died obviously can’t sell their home after they’re dead. The property cannot be sold until…
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By Lydia Blair Special Contributor Let’s call this real estate horror film Mission Impossible – Saving the Sale. It’s the sequel to Mission Impossible – The Roof Needs Repair starring Surprised Seller and Upset Buyer. Also featuring Scrambling Realtor and Cautious Escrow Officer. The scene opens with a pending sale on a property that needs…
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