Family Values, Financial Security The Escrows For You Promise

Definition: The process of buying or selling a previously owned home.  We recognize that every transaction is distinct and necessitates the full attention of a committed team of escrow professionals!

Definition: The process of purchasing a house directly from the builder, either while it is currently under construction or when it is vacant and has not been occupied before.

Definition: A “short sale” is a transaction in which the sales price is insufficient to cover the seller’s existing loan payoff and closing costs.

Definition: Real Estate Owned (aka REO) is the purchase of a property that a lender has taken possession of due to foreclosure or forfeiture.

Definition: The purchase or sale of a property that is zoned for commercial or industrial use is known as a commercial transaction. These transactions can be particularly challenging, making them some of the most complex real estate deals to finalize.

Definition: An unoccupied property, typically bought with the intention of generating profit through rental income or resale, is commonly known as an investment property. Investing in real estate requires expertise, understanding, and the ability to anticipate future trends.

Definition: To engage in a home sale or purchase without the assistance of a Real Estate Agent.  Escrows For You can expertly manage your “For Sale by Owner” (FSBO) transactions with ease and efficiency.

Definition: Refinancing is the process of replacing an existing mortgage loan with new financing, wherein the funds from the new loan are utilized to satisfy the current loan, using the same property as collateral.

Definition: A 1031 Exchange is a Real Estate Transaction that allows for the sale of one property, with the capital gains tax deferred due to the qualified purchase of another like-kind property in exchange, for tax purposes.

Definition: A Notary Public is a public officer who is appointed by the state government to act as an impartial witness in performing a variety of official fraud-deterrent acts related to the signing of important documents.

Definition: While Escrows For You is centrally located in the Burbank Area, we provide the convenience of a virtual escrow service, allowing you to complete the necessary transactions from the comfort of your own home.