Elite Escrow Group, Inc.

Our ELITE team is here for all your escrow need with 2 locations to better serve you. . Rancho Cucamonga, CA Downey, CA .... . (909) 718-4810 (562)684-1850 See more

Don't forget it's birthday month at Elite Escrow Group!. We are still celebrating Wendy, Claudia & Marjie. Enter our next raffle October 20th by liking and sharing our page. LIKE our page/post & SHARE this post to be entered into our raffle.... We will announce a winner on each of their birthdays!. October 9th - Wendy October 20th - Claudia October 31st - Marjie . . Rancho Cucamonga - [email protected] [email protected] [email protected] 9377 Haven Avenue, Suite 210 Rancho Cucamonga, CA. 91730 O: 909-718-4814 F: 909-687-2669 . Downey - [email protected] 12065 Paramount Blvd. Suite D Downey, CA 90242 .. #Downey #RanchoCucamonga #EliteEscrowGroup #Escrow #EliteTeam

What is an EMD? . . Our Team is here to answer all your questions and help reach you goals anyway they can. We have two locations to help better serve you. .... Rancho Cucamonga - [email protected] [email protected] [email protected] 9377 Haven Avenue, Suite 210 Rancho Cucamonga, CA. 91730 O: 909-718-4814 F: 909-687-2669 . Downey - [email protected] 12065 Paramount Blvd. Suite D Downey, CA 90242 .. #Downey #RanchoCucamonga #EliteEscrowGroup #Escrow #EliteTeam See more

#wisdomwednesday . . Our Team is here to answer all your questions and help reach you goals anyway they can. We have two locations to help better serve you. .... Rancho Cucamonga - [email protected] [email protected] [email protected] 9377 Haven Avenue, Suite 210 Rancho Cucamonga, CA. 91730 O: 909-718-4814 F: 909-687-2669 . Downey - [email protected] 12065 Paramount Blvd. Suite D Downey, CA 90242 .. #Downey #RanchoCucamonga #EliteEscrowGroup #Escrow #EliteTeam See more

What is an EMD? . . Our Team is here to answer all your questions and help reach you goals anyway they can. We have two locations to help better serve you. .... Rancho Cucamonga - [email protected] [email protected] [email protected] 9377 Haven Avenue, Suite 210 Rancho Cucamonga, CA. 91730 O: 909-718-4814 F: 909-687-2669 . Downey - [email protected] 12065 Paramount Blvd. Suite D Downey, CA 90242 .. #Downey #RanchoCucamonga #EliteEscrowGroup #Escrow #EliteTeam See more

It's birthday month at Elite Escrow Group!. Help us celebrate Wendy, Claudia & Marjie by sharing our page. LIKE our page/post & SHARE this post to be entered into our raffle.... We will announce a winner on each of their birthdays!. October 9th - Wendy October 20th - Claudia October 31st - Marjie

Wishing our ELITE Escrow Officer a very Happy Birthday!!! May your birthday be the start of a year filled with good luck, good health and much happiness. We you Wendy Alfaro!!

CONGRATULATIONS Adrianna Gonzalez please message us as with the best email or address to send your gift card to. . . Our Team is here to answer all your questions and help reach you goals anyway they can. We have two locations to help better serve you. .... Rancho Cucamonga - [email protected] [email protected] 9377 Haven Avenue, Suite 210 Rancho Cucamonga, CA. 91730 O: 909-718-4814 F: 909-687-2669 . Downey - [email protected] 12065 Paramount Blvd. Suite D Downey, CA 90242 .. #Downey #RanchoCucamonga #EliteEscrowGroup #Escrow #EliteTeam See more

SHARE..SHARE.. SHARE... You have one more day to be entered into the first drawing! Thank you everyone for your love and support!

Wise words Wednesday. What is something you did this week to help reach your end of the year goals? . . Our Team is here to answer all your questions and help reach you goals anyway they can. We have two locations to help better serve you. .... Rancho Cucamonga - [email protected] [email protected] 9377 Haven Avenue, Suite 210 Rancho Cucamonga, CA. 91730 O: 909-718-4814 F: 909-687-2669 . Downey - [email protected] 12065 Paramount Blvd. Suite D Downey, CA 90242 .. #Downey #RanchoCucamonga #EliteEscrowGroup #Escrow #EliteTeam

What is the ESCROW PROCESS in California. . . Here's a great break down with explanation. Our Elite Team is here for all your escrow needs in two locations and of course remotely! ... . . Rancho Cucamonga - [email protected] [email protected] 9377 Haven Avenue, Suite 210 Rancho Cucamonga, CA. 91730 O: 909-718-4814 F: 909-687-2669 Downey - [email protected] 12065 Paramount Blvd. Suite D Downey, CA 90242 Cell: 323-528-2704 Office: 562-684-1850 Fax: 562-684-1870

Happy Monday. Don't forget to share and like our page to be entered. Our first raffle is just 4 days away! It's birthday month at Elite Escrow Group!. Help us celebrate Wendy, Claudia & Marjie by sharing our page. ... LIKE our page/post & SHARE this post to be entered into our raffle. We will announce a winner on each of their birthdays!. October 9th - Wendy October 20th - Claudia October 31st - Marjie

It's birthday month at Elite Escrow Group!. Help us celebrate Wendy, Claudia & Marjie by sharing our page. LIKE our page/post & SHARE this post to be entered into our raffle.... We will announce a winner on each of their birthdays!. October 9th - Wendy October 20th - Claudia October 31st - Marjie

DID YOU KNOW...? . . Governor Gavin Newsom has signed into law legislation changing the name of the California Department of Business Oversight to the Department of Financial Protection and Innovation (DFPI).... Last week the Governor signed into law another measure, Assembly Bill 1864 (Limón), that contains expanded consumer protections and enforcement authority, and a new Financial Technology Innovation Office. That measure will take effect on January 1, 2021. . . Our Team is here to answer all your questions and help in anyway they can. We have two locations to help better serve you. #Downey #ranchocucamonga Rancho Cucamonga - [email protected] [email protected] 9377 Haven Avenue, Suite 210 Rancho Cucamonga, CA. 91730 O: 909-718-4814 F: 909-687-2669 Downey - [email protected] 12065 Paramount Blvd. Suite D Downey, CA 90242 Cell: 323-528-2704 Office: 562-684-1850

#MotivationalMonday Wishing everyone a blessed week. Don't forget the Elite Team is here for all your escrow needs. (909)718-4810

Hi Elite Friends. Let's finish this last quarter strong together! Our Team is here to answer all your questions and help in anyway they can. We have two locations to help better serve you. #Downey #ranchocucamonga Rancho Cucamonga - [email protected] [email protected] 9377 Haven Avenue, Suite 210... Rancho Cucamonga, CA. 91730 O: 909-718-4814 F: 909-687-2669 Downey - [email protected] 12065 Paramount Blvd. Suite D Downey, CA 90242 Cell: 323-528-2704 Office: 562-684-1850

What is the ESCROW PROCESS in California. . . Here's a great break down with explanation. Our Elite Team is here for all your escrow needs in two locations and of course remotely! ... . . Rancho Cucamonga - [email protected] [email protected] 9377 Haven Avenue, Suite 210 Rancho Cucamonga, CA. 91730 O: 909-718-4814 F: 909-687-2669 Downey - [email protected] 12065 Paramount Blvd. Suite D Downey, CA 90242 Cell: 323-528-2704 Office: 562-684-1850 Fax: 562-684-1870

How does Escrow help you? . . "This neutral third party holds the buyer’s funds to meet the terms and conditions of a written purchase contract between the buyer and a seller.... Once the escrow agent verifies that all parties completed their obligations under the purchase contract, the buyer’s funds pay for the real property. The escrow company notifies the seller’s agent of title recording. Then the seller’s agent delivers the keys to the buyer or his or her agent." . . #EliteEscrowGroup #RanchoCucamonga #Downey #EliteTeam

We strive to exceed our clients expectations, open your escrow with us and experience the ELITE! Marjie Baladad Wendy Alfaro

Great job Wendy Alfaro 5 day escrow from open to close!!! #TeamWork #EliteTeam Don't forget to write in Elite Escrow GroupGreat job Wendy Alfaro 5 day escrow from open to close!!! #TeamWork #EliteTeam Don't forget to write in Elite Escrow Group

A new loan requires you and your escrow officer to be diligent in your efforts. You must provide all the documents requested, while your escrow officer works with the lenders to meet their requirements.

An escrow officer sets up an escrow after they receive authorization from both the buyer and the seller. If it's a real estate purchase, this is usually done via a purchase agreement, while for refinancing transactions, authorization usually comes from a loan application.

When you receive your closing papers, review the closing statement very carefully as it will detail all the financial aspects of your transaction. If anything does not make sense to you, you should ask your escrow officer for an explanation.

It’s important to remember that working with an escrow company is designed to take some of the headache out of purchasing or selling real estate in the area. If you aren’t quite sure how it will work for you, we’re always happy to explain.

Did you know that mortgage escrow accounts were not widely used until the 1930s? Due to the number of foreclosures occurring from late tax payments, a lender’s manage escrow account was mandated for all FHA insured mortgages in the mid-1930s.

Escrow protects the interests of both buyers and sellers eliminating or reducing the risk of fraud and is a legal arrangement whereby money or intellectual or other property is held in trust by a neutral third party pending the fulfillment of a contract.

So what is the real estate transfer disclosure statement (TDS)? Through this document, sellers are required to furnish prospective buyers with a complete disclosure of all known defects. This includes anything that affects the value, desirability, or safety of the home.

According to Black’s Law Dictionary, escrow is defined as a writing, deed, money, stock, or other property delivered by the grantor, promissor, or obligor into the hands of a third person. This is held by the latter until the occurrence of a contingency or performance of a condition.

Did you know that part of an escrow agent’s job is to provide evidentiary proof that a home buyer is acting "in good faith? He or she must also provide proof that the seller is financially "credible" as well as responsible and serious about the purchase.

Have you been hesitant to ask a question about your money in escrow because you feel like you should already know the answer? It doesn’t matter how experienced or inexperienced you are in real estate because every transaction can have its own nuances.

Did you know that escrows are one of the least-understood elements of the real estate process? This is one of the many reasons that hiring one of our professionals can prove beneficial.

We understand how much trust it can take to enter into a high-dollar real estate transaction with a stranger. For everyone’s peace of mind, it’s often best to involve a third-party escrow service to hold onto funds until after the closing.

Did you know that it’s recommended that buyers try to schedule their escrow closing toward the end of the month whenever possible? This will help minimize the amount you have to pay in prepaid interest, which ends up being added to the cost of the loan.

The HUD-1 settlement statement is a detailed list of all costs related to the sale of the home that you will receive at your escrow closing. This is similar to the good faith estimate except it’s not an estimate but a precise record of settlement costs.

An escrow agent holds an important role as a third party, so you need to make sure that you can trust them. That's why escrow agents are licensed with various regulatory authorities, usually on a state level, so you can confidently place your trust in them.

When you are involved in a real estate transaction (either as a buyer or a seller), you will work with the other party and the real estate agent and escrow officer to create a set of escrow instructions. These can be created jointly or separately by each party.

Escrow accounts are not required in all property transactions. If the down payment is 20 percent or more of the loan amount, many mortgage companies do not require them. However, if you are a first-time buyer, or your down payment is less than 20 percent of the loan amount, an account will be necessary.

In most cases, prior to your real estate closing, you will be entitled to a walk-through inspection of the property (usually 24 hours before closing). This ensures that the seller has vacated the property and it is in the condition specified in the sales contract.

Looking for your first home? Be prepared. In slower real estate markets, you’ll want to write an earnest check equal to 1 percent or 2 percent of the buying price you’ve offered. The check is submitted with the purchase contract and then deposited in an escrow account.

While escrow is a necessary and important part of modern real estate transactions, many people find the process mysterious and hard to fathom. If there's anything you don't understand, feel free to ask your escrow agent to clarify so you know what's happening.

If you plan on funding a loan or purchasing a promissory note, you need to use an escrow account. Using an escrow will protect you from lack of payment and other fees that may transpire.

If you've ever seen a movie where two people try to do a handoff at the same time, you get an idea of how tricky that can be. In real life, an escrow agent keeps that awkward situation from having to occur by acting as an independent third party between the buyer and seller.

Do you ever worry that buying a home directly for the seller will make it difficult to get your money back if you discover a problem with the property prior to closing? Remember, bringing an escrow company into the transaction can help alleviate this concern.

One of the best ways to ensure that your escrow process moves through smoothly is to eliminate surprises at the onset. For instance, if you are the seller and you have judgments against your property, disclose them early on before a public records search is performed.

When you pay a mortgage, the lender has an interest in making sure the house is insured and taxes are paid. Rather than have lenders and borrowers argue about paying insurance or taxes, escrow accounts are used so a third party can make sure everything is paid.

Everything comes to fruition at closing, all symbolized by the transfer of title. At closing, the escrow company pays off all existing claims and liens, delivers all the paperwork to the proper recipient, and once funds are dispersed, closes the transaction.

Remember, not all real estate transactions must be the same. While the buyer typically pays for closing costs for a property purchase, it's possible for them to come from the seller's proceeds when both agree in advance.

It’s important to remember that earnest money and deposits aren’t always returned to the buyer when a real estate deal falls through. For information on how we’ll handle this situation, it’s important to refer back to your sales contract.

Sole and Separate Property is one of the most popular ways to hold a title. This means that no one else has any interest in the title. If you are married and wish to take title this way, you should record a quit claim deed form your spouse to yourself, so that no community interest could be claimed at a later date.

Escrow is a vital part of closing any real estate deal, so you want to make sure that it's done promptly and efficiently. That's why many escrow services pride themselves on quickly creating escrow instructions, and quickly releasing the funds once the transaction is closed.

Most real estate purchasing agreements detail how earnest money held in escrow will be handled or applied. The most common approach is to use the funds to pay closing costs associated with the purchase or cover the property down payment.

Lenders are required to conduct an escrow analysis of all mortgages they are servicing. This analysis will include any deficiencies or overages that may exist, and an explanation as to why payments may decrease or need to increase.

Many real estate transactions are rife with little surprises; fortunately, very few are serious enough to halt the process. However, these glitches require the escrow company to draft amendments to the original escrow instructions.

If you are selling your own home, an escrow account is a vital extra layer of security that will protect your interests, particularly because the escrow account will ensure that an interested buyer has the finances to complete the sale.