It’s Not the Bank Who Pays the Short Sale Fees

On September 17, 2010 By

I’ve probably written about this before, but every time I overhear another agent advising their client that the lender pays the commissions on the transaction, I think, no, that’s not exactly true.

The lien holder on your property is a third party to the real estate transaction.  They aren’t involved in the actual real-estate part [...]

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What The Heck is Escrow Anyway?

On August 18, 2010 By

According to the Online Etymology Dictionary:

Escrow:  1590s, from Anglo-Fr. escrowe, from O.Fr. escroue “scrap, roll of parchment,” from a Gmc. source akin to O.H.G. scrot “scrap, shred” (see scroll (n.)). Originally “a deed delivered to a third person until a future condition is satisfied;” sense of “deposit [...]

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