with just notary public?
Can The lender, bank transfer the Title of property which is involved with government to a grant deed for selling another new owner?
If you havenâ€™t already, just ask your escrow company how it works and see if you are comfortable with what they are telling you; they should be more then happy to accommodate any questions you may have; especially since you are paying them for the service they provide.
Just remember that escrow works for both you and the buyer(s), and they are supposed to be a disinterested neutral third party carrying out the wishes of both you and the buyer(s).
I hope this helps you!
Joan Wilson (Realtor, SRES, Ecobroker, Certified REO, HAFA, and Short Sale Specialist)
Prudential California Realty
Direct Phone: 760-757-3468
800-975-7481 x 111
License # 01341483
Find Your Dream Home:
Escrow companaies in California are subject to the provisions of the Financial Code and the California Code of Regulations under the Business, Transportation and Housing Agency in the Department of Corporations. Call the Department of Corporations at 3700 Wilshire Blvd. #600, Los Angeles, CA 90010 or telephone them at (213) 736-2751.... find out if your escrow company is reputable.
If you are using an escrow company all the paperwork will be required to be signed before the transaction is complete. The buyer will either have a stack of cashier's checks or a stack of paperwork for their loan. If they have a loan, all signed papers will be sent to the lender and a FUNDING NUMBER will be given. Else, ask them about your recession rights, which will be around 3 days with no questions asked (depending on the type of transaction, location, etc.). Usually this number will be given within the first hour after sending. Sometimes as soon as 10 minutes. Usually both parties stick around to see if the deal gets complete.
Contact a real estate attorney ASAP.
Paul Bojic is the best real estate attorney in California. His fees are very reasonable and he might save you a few hundred thousand dollars with a phone call! Call him.
I'm not an attorney or Escrow Professional, but I believe that until the deed is recorded, per your instructions, ownership remains with you. Contact the escrow company and your agent and confrim this prior to signing anything.