Short Sales Information In Washington Nevada
image
image
image


Services

image


 

Real Estate Purchase and Sale Closings

We are happy to provide closing services for any property type, including:

  • Single-Family and Multi-Family Residences
  • Manufactured Homes
  • Commercial Property
  • Vacant Land
  • Condominiums
  • Mobile Home Decertification or Personal Property Transfer
Our closing services for such transactions include:
  • Collect and hold earnest money
  • Order Title Insurance Commitment Policy per the Purchase and Sale Agreement
  • Review the Commitment Policy and Title Report and investigate and/or clear up any outstanding issues
  • Coordinate payoffs of mortgages, utilities, association dues
  • Prepare Settlement Statement (HUD-1)
  • Sign documents with Buyer and Seller
  • Receive funds from Buyer’s Lender
  • Disburse funds as per the HUD-1

Business/Asset Purchase and Sale Settlement Services

The purchases and sales of businesses can take a variety of forms, such as the acquisition of a company’s stock or its tangible and/or non-tangible assets. Please review the tips and checklist we have provided to help insure a smooth close for such transactions. If you have further questions, please contact us.

Our services include:

  • Collect and Hold Earnest Money
  • Coordinate Lease Assignments (Premises and Equipment)
  • Confirm Purchase Price Allocations
  • Prepare Use Tax Return
  • Research Seller’s tax liabilities through closing
  • Undertake UCC Searches and prepare UCC-1 Filings
  • Prepare seller Financing Documents or coordinate closing with Borrower’s Lender, as applicable
  • Administer contractual provisions regarding terms of sale
  • Coordinate payoffs of equipment leases, utilities, etc.
  • Coordinate and administer all holdbacks
  • Prepare Settlement Statement (HUD-1)
  • Sign documents with Buyer and Seller
  • Receive funds from Buyer’s Lender
  • Disburse funds as per the HUD

Short Sales

We can begin working on your Short Sales negotiation once we receive a copy of your real estate Listing Agreement along with assorted seller documents. Upon completion of your set-up file, we will contact the original lender and begin the Short Sale negotiation process.


Refinances

Our services include:
  • Order Title Insurance Commitment Policy per the Purchase and Sale Agreement
  • Review the Commitment Policy and Title
  • Report and investigate and/or clear up any outstanding issues  
  • Coordinate payoffs of mortgages and any other monetary liens on the subject property
  • Prepare Settlement Statement (HUD-1)
  • Sign documents with Buyer and Seller
  • Receive funds from Buyer’s Lender
  • Disburse funds as per the HUD-1

Other Services

We are also pleased to assist you with a variety of related services, such as:
  • Quit Claim Deed Preparation and Recording
  • Private Mortgage/ Deed of Trust Preparation and Recording
  • Preparation of Promissory Notes
  • Partial and Full Reconveyances
  • Drafting and Recording Power of Attorney
  • Notary Public Services

Download a copy of our "Buyer & Seller Short Sale Info" PDF file

Serving all of Washington including Seattle, Everett, Tacoma, Bellevue, Bellingham, Spokane, Mt Vernon, Olympia and Bremerton.

Please tell your Real Estate agent you would prefer to have Escrow Legal Services perform your closing or short sale negotiation.

Please remember that the information on this site is informational only and should not be construed as legal advice. Please feel free to contact the professionals at Escrow Legal Services for information appropriate for your situation.

 

Return to top of page

image