What are Specially Designated Nationals?

The Office of Foreign Assets Control (“OFAC”) is a division of the U.S. Department of the Treasury.  As part of its enforcement efforts, OFAC publishes a list of individuals and companies owned or controlled by, or acting for or on behalf of, targeted countries. It also lists individuals, groups, and entities, such as terrorists and narcotics traffickers designated under programs … Read More

Close on Schedule: Seller’s Edition!

Closing can be a stressful process for all parties involved. By being prepared, however, you can alleviate some of this strain and close on time! Here is a quick list of what Sellers can do to help ensure their property sale will close on target: Make sure your agent has your best contact info Know when your agent plans to … Read More

Achieving your Homeownership Dream

Not surprisingly, a fair amount of mystery continues to surround the home buying experience — after all, most people only purchase one or two homes in their lifetime. Even then, the mechanics of the escrow process remain mostly invisible to the consumer.  Still, there are things that every buyer should know, and the most important thing you can do as … Read More

Important Info for Buyers Purchasing Real Property from Foreign Sellers

Attention buyers purchasing real property from a foreign seller! The Internal Revenue Service places the burden on the transferee (the Buyer) for determining the citizenship status of the Seller, and for withholding a portion of the sale proceeds of a foreign Seller for payment to the IRS. Learn more about this on the FIRPTA Withholding page on the IRS website. Remember… … Read More

Property Tax Prorations

The purpose of a proration in a sale transaction is to fairly divide property expenses like taxes and association dues between the Seller and Buyer so that each party is paying only for those days which he actually owns the property. The property tax year does not follow the standard calendar year. The tax year runs from July 1st of … Read More

What is Sub-Escrow?

As a practical matter, the escrow holder delegates certain settlement duties to the title company who is charged with insuring the delivery of a clear title at closing. What is sub-escrow? As a sub-agent of the escrow holder, the title company’s payoff department – also called the sub-escrow department — will receive the loan proceeds from the buyer/borrower’s new lender … Read More

The County Office at your Service

Residents of San Diego County can manage many common civic errands simply with e-links and fillable forms available on the County Office website: Applications for Tax Reassessment Vital Records requests Change of Address forms Find the complete list of forms and services at: https://arcc.sdcounty.ca.gov/Pages/default.aspx Looking for more helpful resources? Check out our list of helpful links here! Case Escrow is proud … Read More

Why Independent Escrow?

Peace of mind. That should be what an escrow company provides to all parties involved in a real estate transaction. According to an excerpt from The Escrow Institute of California, “The escrow holder has the obligation to safeguard the funds and/or documents while they are in the possession of the escrow holder, and to disburse funds and/or convey title only … Read More