Single Family Home/Condos
Property which is zoned for Single Family Home/Condos/Townhomes/Mobile Homes/Apartment Building – Is typically the sale or purchase of real property that consists of a single-family residence. In residential escrows, the escrow company is working with a buyer, seller and their designated representatives. Such as realtors, lenders, title company and any other party that maybe working on behalf of the buyer or seller. The Escrow Officer assigned will follow the instructions from the buyer and seller as laid out in their agreement.
When someone dies their estate may have to go through probate, a legal process through which any existing will must be proven valid, property is identified and inventoried, outstanding debts and taxes are paid, and property is distributed according to the will. In the absence of a will, a judge will decide how assets are distributed based on state law. Unfortunately, probate does not always proceed smoothly. Title-related problems are one of the most common issues that affect the transfer of real estate in probate cases. Sometimes, a title is vested differently than heirs expect. For example, a spouse, former spouse, or other relative may have an ownership interest in the property. This issue can sometimes be resolved fairly quickly by filing an affidavit death of joint tenant, but it can also lead to very costly delays. It is important to have and experienced escrow company manage all the complexities associated with a probate sale and to ensure the probate escrow services are handled correctly and efficiently.
For Sale By Owner
It is a purchase of real estate without the use of a realtor. Opening up an escrow in a For Sale By Owner transaction protects both the buyer and seller. It is the escrow company’s role to accept and follow the written purchase agreement. Affinity Escrow is a neutral third party, serving both parties in the transaction. We maintain the accountability and security of all funds and documents in the transaction on behalf of the buyer and seller until all contract conditions are met. At which point Affinity will close the escrow by recording all documents and disburse funds.
It can make great financial sense to exchange your earnings from one property into the purchase of another property. At Affinity Escrow we understand how a legacy is built by making a smart purchase for the future. Whether you are buying or selling in and out of an exchange Affinity Escrow has the knowledge and experience to help complete these complex transactions.