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What happens if the buyer’s loan is denied during California escrow?
What happens if the buyer’s loan is denied during California escrow? If the buyer’s loan is denied during escrow, the transaction may be delayed or canceled depending on the contingencies in place. However, escrow and title insurance professionals can help guide both parties through the next steps. When buying a home in Southern California, one…
Read MoreHow do 1031 exchanges interact with California escrow?
How do 1031 exchanges interact with California escrow? A 1031 exchange adds IRS timing, identification, and documentation steps to a standard California escrow. Because of this, you, your Escrow Company, and a Qualified Intermediary must coordinate funds, timelines, and closing instructions to keep the exchange compliant. If you are selling one investment property and buying…
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