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All Forum Posts by: Shannon Wright

Shannon Wright has started 1 posts and replied 387 times.

Post: Investor friendly Title company in San Jose, CA

Shannon WrightPosted
  • Escrow Officer
  • Temecula, Ca.
  • Posts 418
  • Votes 152

Thanks @Mark Pedroza!!

@Ari T. How can I help?

Post: Closing attorney vs Title/Escrow Company SoCal

Shannon WrightPosted
  • Escrow Officer
  • Temecula, Ca.
  • Posts 418
  • Votes 152

Hi All!! Sorry, I've been super slammed lately but I am always ready to help! Let me know! :)

Thanks @Dylan Vargas and @Mark Pedroza!

Post: WHOLESALING BAY AREA, ESCROW COMPANY?

Shannon WrightPosted
  • Escrow Officer
  • Temecula, Ca.
  • Posts 418
  • Votes 152

Yes, I can help! :) 

Thanks @Mark Pedroza!

Post: Looking for Title company recommendation Joshua Tree , Yucca

Shannon WrightPosted
  • Escrow Officer
  • Temecula, Ca.
  • Posts 418
  • Votes 152

@Mark Pedroza thank you!!

@Ariel Rivas I can help you anywhere in Cali and I don't mind spending time to educate you on the right ways to do things. Let me know how I can help. :)

Post: CA wholesale, cheapest one time use entity?

Shannon WrightPosted
  • Escrow Officer
  • Temecula, Ca.
  • Posts 418
  • Votes 152

I suggest a Land Trust....and I can close it for you, if you need that service, as well. :)

Post: Socal/Norcal Cannabis RE Investing

Shannon WrightPosted
  • Escrow Officer
  • Temecula, Ca.
  • Posts 418
  • Votes 152

Just dropping in to say that I can close these deals for you! I handle cannabis transactions every day. :)

Post: Need help on Finding a Purchase Agreement

Shannon WrightPosted
  • Escrow Officer
  • Temecula, Ca.
  • Posts 418
  • Votes 152

To add to the other comments: From what I understand, an agent cannot give you a blank contract because CAR forms are specific to licensed individuals and are a result of a paid membership required to gain access to the forms. If you want to use the forms an agent has, then hire an agent. I believe they have ramifications for releasing these to unrepresented parties, as well.

Also, the CAR forms can unnecessarily complicate some simple off-market deals and really create strict timelines and requirements because of the hard-coded language that cannot be redacted. 

Simply put, if you're not using an agent, don't use agent-specific forms. 

Post: Need help on Finding a Purchase Agreement

Shannon WrightPosted
  • Escrow Officer
  • Temecula, Ca.
  • Posts 418
  • Votes 152

@Mark Pedroza , thank you!

Hi All, I can certainly help you close this deal and I tell everyone to "Google it" and they always find something. Legally, Escrow and title people should not provide forms for contracts but the rules of the contract are not like other states. As long as it states the basics, I can handle/clarify the rest on my escrow instructions.

Some search results provide for an Addendum to the contract for this term, which will also work. Use your standard purchase agreement form and add the Seller Financing Addendum for instances where you need it.

Some other search terms to use would be Seller Carryback and Seller Financing. Good luck and let me know if I can help you with anything else. :)

Post: For California fellow investors familiar with withholding

Shannon WrightPosted
  • Escrow Officer
  • Temecula, Ca.
  • Posts 418
  • Votes 152

True wholesale fees, where you deposit an invoice and are not a principal closing the transaction, has no tax withholding through escrow. Only the seller has to withhold through the transaction, if applicable.

Post: FHA 203K loan requirements for Los Angeles area

Shannon WrightPosted
  • Escrow Officer
  • Temecula, Ca.
  • Posts 418
  • Votes 152

I will message you a lender to call.