Today we wanted to look at how to handle note sale transaction escrows in California. When looking at handling a note sale transaction it is important to know the escrow officer handling your transaction is experienced in handling notes sales as they can have very different requirements to a traditional residential escrow. For instance, some note sales have very short escrow time lines, is your escrow officer available to handle your closing timeline, do they handle communication with all parties efficiently.
Real Estate escrows, i.e. commercial, multifamily or residential escrows, tend to have significant time between various check list items to communicate and move the escrow timeline forward, this is often not the case in note sales where timeline are greatly condensed and surprise issues need to be addressed immediately. At Reliant Escrow Inc we employee only experienced professionals who have had experience handling everything from very complex, multi tiered commercial transactions to simple note sales transactions, and since we have an efficient indepent escrow operation we have also provided a flat pricing structure for our cleints. We have found that title companies and other escrow providers who do not handle note sale transactions tend to put forth pricing that is out of touch with the work and time frames involved in handling note sales.
If you would like to find out more about our flat fee pricing for Note Sale transactions please contact us at info@reliantescrowinc.com
