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SirAndy |
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Resident German ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Group: Admin Posts: 41,688 Joined: 21-January 03 From: Oakland, Kalifornia Member No.: 179 Region Association: Northern California ![]() |
How exactly does Escrow work? (IMG:style_emoticons/default/idea.gif) from what i gather, the escrow company is kinda like a Notary with a Bank and i put in the funds and they'll hold them until certain terms in the sales contract are fulfilled and then release the funds to the seller ... am i close? (IMG:style_emoticons/default/shades.gif) Andy |
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SirAndy |
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Resident German ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Group: Admin Posts: 41,688 Joined: 21-January 03 From: Oakland, Kalifornia Member No.: 179 Region Association: Northern California ![]() |
yes, i do have an attorney. i just wanted to make sure i understand how things work.
attorneys have the tendency to use a lot of words i am not familiar with ... (IMG:style_emoticons/default/rolleyes.gif) i started a s-corp to run the club, been talking to the city about zoning, inspections and permits. got my attorney to review the agreements and contracts. just got off the phone with the escrow agent who handled the license transfer for the club in the past. no outstanding issues with the club or the previous tenant. i might get hit with some additional sound proofing work to pass the cabaret license inspection. the city hinted at that, there have been noise complaints in the past from one neighbour (go figure, there's always that one guy) ... anyways, everything looks good to go, talked to the previous tenant at length yesterday and got a lot of good info on the place. plus, we sipped some of the over $10k of booze he had stashed in his garage. (IMG:style_emoticons/default/biggrin.gif) (IMG:style_emoticons/default/stirthepot.gif) Andy |
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