Communication is Key


 

If you can answer YES to any of these questions, please contact your Escrow Officer.

•   Is your party married, yet buying the property as a separate estate?

•   Are your principals using a Power of Attorney? Is it specific to the property?

•   Are any of the parties in title incapacitated or deceased?

•   Has a change in marital status occurred for any of the principals?

•   Is the property now vested or will the property be transferred to a new trust, partnership, corporation or LLC?

•   Is this a short sale?

•   Is the seller planning on bringing funds to a close?

•   Do the parties reside out of state?

•   Are the parties planning any upcoming vacations or other travels during the course of this transaction?

•   Is there a rental or lease agreement?

•   Is there a mobile home on the property?

•   Is there an active homeowners association (HOA) where dues are collected?

•   Is one of the parties responsible for child/spousal support?

•   Are the parties involved in a bankruptcy, foreclosure, or IRS notices?

 
 

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