 OT: stupid question, Escrow? |
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| SirAndy |
  May 23 2008, 05:25 PM
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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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| yellow914 |
May 24 2008, 10:44 PM
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Member Group: Members Posts: 183 Joined: 28-March 08 From: San Jose, CA Member No.: 8,861 Region Association: Northern California |
in a business escrow it is typically handled by an escro company that specializes in licens transfer and also mobile homes as they are not real property (usually)
the ABC will no doubt want a rectal exame from both you and the seller to make sure there is no reason for them to not approve of this transfer...aaaaaalsoooo if you have any DUI's it could be more difficultbest of luck on your new business once to conquor the red tape...... (IMG:style_emoticons/default/beerchug.gif) |
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Posts in this topic
SirAndy OT: stupid question, Escrow? May 23 2008, 05:25 PM
race914
How exactly does Escrow work? :idea:
from what... May 23 2008, 05:34 PM HeavyHeavy More or less. It depends a little on the context.... May 23 2008, 05:36 PM sww914 Yes. They're the impartial money holders. Afte... May 23 2008, 05:36 PM TROJANMAN My uncle in Nigeria has an escrow company that com... May 23 2008, 05:49 PM SirAndy not for real estate ...
i'm buying the liquor... May 23 2008, 06:21 PM
ericread
not for real estate ...
i'm buying the liquo... May 23 2008, 06:37 PM HeavyHeavy I'm sure it's the same concept then. The ... May 23 2008, 06:34 PM Pat Garvey Well, an escrow agreement is definitely NOT limite... May 23 2008, 06:37 PM rhodyguy the escrow co should provide info as to any liens.... May 23 2008, 10:49 PM DNHunt Just my opinion, If you are buying a business get ... May 24 2008, 08:05 AM Cap'n Krusty Escrow protects both the buyer and the seller. If... May 24 2008, 12:08 PM kwales And escrow says you are serious enough about the t... May 24 2008, 12:12 PM SirAndy yes, i do have an attorney. i just wanted to make ... May 24 2008, 02:38 PM |
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