Tag Archive for: escrow

Gift Funds Should Go Straight to Escrow, Not Into Bank Account

We are seeing buyers use gift funds more often than ever lately. This is a reminder that it is much easier if borrowers wait until they are in escrow before […]Read More

60 Day Rent Backs Allowed; Good for Sellers Who Need New Home

Quick Reminder: Lenders allow rent-backs for as long as 60 days after close of escrow. Hence, sellers can remain in a home and rent it back from buyers for 60 […]Read More

Cash Purchases with “Delayed Financing;” No Gift Funds For Cash

This is a reminder that buyers who purchase properties with 100% cash can obtain cash out loans against those properties immediately after close of escrow. This is called “Delayed Financing.” […]Read More