Release of New Geographic Targeting Order by the US Treasury Department

The US Treasury’s Financial Crimes Enforcement Network (FinCEN) has issued a new Geographic Targeting Order which describes the Covered Transactions for which title companies are required to gather information on All-Cash Entity Buyers. The Order is in effect from November 17, 2018 to May 15, 2019. Entity Buyers, such as Limited Liability Companies and Partnerships, can expect to be asked … Read More

Protect Yourself from Wire Fraud

U.S. real estate transactions are prime targets for wire fraud. When you consider that diverting a single wire transfer offers an average payout of approximately $169 thousand, it is clearly evident that Buyers and Sellers should exercise the highest caution when managing their funds in escrow. While technology continues to improve the ease of many workday functions, it also opens an … Read More

Closing the Deal

You’ve completed volumes of paperwork, answered a million questions, and learned a whole new vocabulary – so how do you finally get to the big prize: Closing Day? Depending on the complexity of your transaction, you may spend what feels like extended periods without hearing from anyone. This usually occurs when things are going well, and your assistance is not … Read More

Holding an Interest in Real Property

One of the most important decisions homebuyers must make is determining how their legal interests will be reflected in the Grant Deed that records at the close of escrow. The manner in which the ownership interest of each party is stated is called the vesting of title to real property. The vesting defines the share of ownership each holds, and … Read More

The Life of an Escrow… and a Free Download!

From the moment a Realtor delivers a Purchase Agreement to escrow to the distribution of final Closing Statements, the escrow process will follow many paths. Each transaction is different and requires its own plan of execution to ensure a smooth and successful close. The “Life of an Escrow” is furnished here in an easy-to-follow outline of the various ways to … Read More

Behind the Curtain: Invisible Escrow Tasks

Much of the escrow process is hidden from public view, and its function is often a mystery to the outside world.  To a great extent, this is due to the confidentiality of the information we encounter, but it also results from a variety of ancillary tasks which settlement agents must perform in every escrow as a result of government regulation.  … Read More

Close on Schedule: Agent’s Edition!

Close on Schedule – Agent’s Edition What agents can do to ensure that properties in escrow will close on target: Send your property profile to escrow along with the contract Provide your client’s contact information to escrow immediately Ask questions about anything that concerns you Prepare your client to expect a crucial package of forms (And tell them to return … Read More

Did you know? Webcam Notarization

California is expected to join several other states by allowing Remote Online Notarization effective January, 2020.  Once again, the future is upon us. Learn more on the National Notary Association website here.    

Property Assessed Clean Energy (PACE)

Property Assessed Clean Energy (PACE) funding for Water Efficiency and Renewable Energy Projects By offering up to 100% financing on qualifying improvements, PACE can eliminate the need for homeowners to pay out of pocket for qualifying home improvement projects and, depending upon the type of improvements, amortize repayment for up to 20 years. PACE financing is collected through the Real Property … Read More

State Restrictions on Closing Funds

Confirm the ‘Clear’ Status of your Down Payment Regulations of the State of California impose restrictions on the kind of funds which may be accepted for closing escrow. Prepare to deposit closing funds in the form of a Wire Transfer (or a Cashiers Check two days in advance) Learn more at: http://codes.findlaw.com/ca/insurance-code/ins-sect-12413-1.html Your Case Escrow Officer is prepared to advise you regarding … Read More