All Forum Posts by: Shannon Wright

I can help you with the mechanics of it as far as escrow and closing if you'd like, but I do not handle the "field" topics of negotiating, etc. Let me know. :)

Totally legal, I close them all the time as the Escrow Holder. 

I am not an agent but I see people use 2 all the time. 

Why not create a Trust or some entity that will allow the son to be in control while giving the mom the ability to move the equity to a new property and not have tax implications? For example, "Joe Smith, Trustee of the Mom Smith Trust" shows Joe as the acting person but it is Mom's ownership.

There is no secure, streamlined way to communicate with all parties. Email is the easiest way to do it and it is overwhelming sometimes but it is the best option, no other alternatives. Keyword being SECURE and ALL PARTIES...you can get a lender on their portal and a title company on theirs, but there is no one place that everyone accepts as a "hub" to communicate that is not specific to a company.

I'd love to handle the escrow for you! :) 

Without knowing the terms of the contract, my suggestion if you are trying to get out of the deal is to use to inability to get an appraisal, which in turn is your inability to get a loan. This might get your EMD released, again depending on the contract terms.

Exeter Exchange, Safe Harbor or IPX are my suggestions. Tell them I sent you! :)

Temecula Valley is a hard area because these are almost all owner-occupied or tenants with pride of ownership mentalities, not a lot of fixers. I have one client who flips this area and it's a slow process. I would think Hemet, Menifee and such had more opportunity for true flipping. This area is driven by retail buyers, who are not likely to deal with the wholesalers, either.

I think a buy and hold is the most likely to succeed from what my clients tell me.

Thanks, @Mark Pedroza!

Hi all, I handle all of Cali from my Temecula office...I can handle assignments all day as the escrow officer and I have title companies that are well-versed in the same! :) @Jon-jon Barachina & @James Santiago.