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92677 : Real Estate Advice

  • All42
  • Local Info3
  • Home Buying21
  • Home Selling4
  • Market Conditions2

Activity 39
Thu Jul 13, 2017
Rich Reed answered:
Hi, Mariposfuji. From "Surviving the Real Estate "Escrow" Process in California"

"The choice of escrow is normally agreed upon by the principals to a real estate
transaction and reflected in writing in the purchase contract. A seller may elect to
choose "ABC Company" and the buyer may choose "DEF Company," but both parties
must ultimately agree, like they must on all terms and conditions of a sale. If a real
estate broker is involved, it may be a common practice for the broker to recommend an
escrow company, especially if the broker continually does business with a particular
escrow officer or company. However, while a real estate broker may suggest an escrow holder, he or she may not designate an escrow holder as a condition precedent to a transaction.
It is also important to note that there are laws which prohibit the payment of referral
fees, rebates, and/or kickbacks between escrow, title, and real estate companies, for
the referral of business. Except for normal compensation between an escrow company
and its employees, Section 17420 of the Financial Code provides that for those under
the jurisdiction of the Escrow Law, it shall be unlawful for any person who pays over to
any other person any commission, fee, or other consideration for referring, soliciting,
handling, or servicing escrow customers or accounts. Basically, escrow holders are
prohibited by law from the giving of any consideration to a party as an inducement for
receiving an escrow. There are comparable laws that prohibit referrals fees and rebates
that govern real estate brokers and title insurance companies as well.
Please remember that when it comes down to the selection of the escrow holder, you as
the consumer always have the right to choose an escrow that is professional,
competent, reasonably priced, and which will fulfill your transactional needs."

The Realtor your mortgage broker recommended may be a good agent, but I would not recommend choosing any agent solely based on which escrow company that agent prefers to work with.

In the current market, the seller often reserves the choice of escrow providers, so you as the buyer may not have much leverage getting your agent's preferred escrow provider, although it would still be negotiable between the buyer and the seller.

Interview a few local Realtors and choose the best one suited to ALL your needs, not just escrow.

We serve Arcadia and the San Gabriel Valley. www.sgvre.net

Hope this is helpful!
... more
0 votes 1 answer Share Flag
Tue Dec 27, 2016
Crystal asked:
in the meantime, the real estate agent has now taking over the listing and preventing me from any prospects for my unit. Can you please assist?
0 votes 0 Answers Share Flag
Fri Nov 4, 2016
Gustavo Rivera answered:
Sorry I thought there were more fields to fill for more info.

Im using the address of my job for calculating commute on the searches. Im using several combinations of it and it always says the address is invalid, they are all valid though, for example.

New Hope, PA, 18938
Union Square Drive, New Hope, PA, 18938
New Hope, PA, US, 18938
Union Square Dr., New Hope, PA

Im adding the number also in some combinations but for privacy issues I won't add it here

you should be able to derive a real address from any (or all) of those.
... more
0 votes 1 answer Share Flag
Sun Oct 9, 2016
Tom Maloney asked:
I am involved in some litigation and need advice on exchanges as well as real estate transfers between related parties.
0 votes 0 Answers Share Flag
Sat Sep 17, 2016
Susie Kay answered:
it depends on the agents and sometimes the agreement between the agent and the seller. When you are ready to hire an agent I would suggest that you clarify all your questions.

I hope this helps! ... more
0 votes 2 answers Share Flag
Wed Jul 20, 2016
Rich Reed answered:
Here are some common methods of Holding Title http://www.nancychan.laltic.com/Uploads/19/25/11925/Gallery/Flyers/Common_Methods_Holding_Title_CLTA_LT1.pdf
0 votes 1 answer Share Flag
Tue Dec 29, 2015
Null Null asked:
I cannot simply just create a new agent account because it says my email address is still associated with the old account..even though I have changed the email address. UGH!
0 votes 0 Answers Share Flag
Fri Aug 21, 2015
Danielle Purcell answered:
I would compare the schools too if you have kids! That is a big one.... I believe all cities have better areas..... Laguna Beach schools are awesome
0 votes 11 answers Share Flag
Fri Aug 21, 2015
Danielle Purcell answered:
Just google it! Most questions are answered by typing into the internet... look up state property management companies contact information
0 votes 2 answers Share Flag
Fri Aug 21, 2015
Danielle Purcell answered:
My guess is that it will not effect you. The foreclosure will go on title.. I would start looking for a new place.. Less risk..
0 votes 3 answers Share Flag
Fri Aug 21, 2015
Danielle Purcell answered:
Yes but not that many do. No one wants to work for free.
0 votes 10 answers Share Flag
Sat Jul 18, 2015
Amir Vahdat answered:
Any local Realtor who is teamed-up with a local title company can get you that listing.
Amir Vahdat | Broker
p: 949-682-9090 e : amirvahdat@bhhscal.com
w: www.OCLuxuryProperty.com
0 votes 13 answers Share Flag
Wed Apr 8, 2015
Danielle Purcell answered:
Just email support and they will remove.. They have great customer service and respond quickly.
0 votes 2 answers Share Flag
Sun Apr 5, 2015
Danielle Purcell answered:
The best time to sell a home is March 15 to April 15 in Laguna Beach in order to maximize your value!
0 votes 23 answers Share Flag
Fri Mar 27, 2015
Danielle Purcell answered:
Fri Mar 27, 2015
Danielle Purcell answered:
No.. Owning real estate in the USA does not help you get citizenship. You must pay or join the lottery.
0 votes 3 answers Share Flag
Fri Mar 27, 2015
Danielle Purcell answered:
You can send photos to Trulia and they will update for you! That is only way to update.
0 votes 2 answers Share Flag
Mon Feb 16, 2015
Cindy Davis answered:
Was your representation agreement for a lease or for purchase? Next question, if it was for a lease, is this really worth your time trying to track down the details?

My thought is to speak with your broker and/or an attorney. ... more
0 votes 1 answer Share Flag
Sat Nov 22, 2014
Nicole Fedorchek answered:
Hi- This question was posted in a Southern California zip code. I would be happy to assist you if you are looking for an agent in Southern California!

Nicole Fedorchek, Realtor
Tarbell Realtors
714-91-5097
realtornicolef@gmail.com
... more
0 votes 1 answer Share Flag
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