If you think that giving your net proceeds away through escrow is that easy, you will need to think again. We are constricted by Escrow Law and our regulator to issue net proceeds only to those who are on the title ownership.
If you have a transaction which might have this scenario, please check with your tax accountant for his financial counsel first!
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Juliana Tu, CSEO, CEO, CBSS, CEI, SASIP
“Escrow is my FOREMOST language!”
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We invite you to share your experiences or any questions you may have about escrow processes. Your insights help us foster a supportive community, and we’re here to assist you every step of the way!
