Below you'll find a list of all posts that have been categorized as “Tales from the Trenches”
Some years ago, we met with a nice couple who were thinking of selling a townhome that they’d been renting out for years. It was worth quite a bit more than what they paid, which meant they’d be facing a pretty hefty capital gains tax bite from the sale. They didn’t have any immediate plans for the proceeds as they …
In order to close escrow, any existing liens on the property have to be paid in full. The most common liens are existing mortgages. And usually the payoff process is pretty straight forward: the title company contacts the lender, obtains a loan payoff statement and uses a portion of the seller’s proceeds to pay off the loan the day escrow …
Before going into real estate, Jamie and I both worked in title and escrow and we were always amazed when we saw transactions unravel and nerves fray near the close of escrow due to things that could have been resolved had they been tackled weeks or months earlier. So from the moment we activated our real estate licenses back in …
Many years ago, a past client’s parent built a commercial property but there wasn’t room on the parcel to build a parking lot. The city’s building requirements called for on-site parking. The actual number of parking places was determined by the size of the building. Since it wasn’t feasible to provide on-site parking, the city worked out an arrangement with …
