SERVICES
Short Sales
The sale of a property in which the lender (s) are not fully paid by agreement between the seller and the "short" paid lender (or investor) is called a short sale. Processing this type of escrow expediently requires consistent, clear communication and attention to detail on the part of the escrow team. Obtaining approval by the existing lender can be difficult and must be handled with great care and dipomacy. There is no standard practice in short sale escrow because a short pay lender's requirements change with each property and with the ebb and flow of the current market.
The short sale process often generates a number of questions and concerns for sellers. They are often confused with how to report the sale for taxation and what a buyer (or other third party) can and will pay in the sale. You can be assured that Four Seasons can handle the process in a timely and accurate manner. In fact, Four Seasons Escrow has been teaching and processing short sale escrow since 2005.
Investment Income
Investment properties, either for long term investment or immediate income, are typically transactions that require high levels of communication. Investors and their representatives may be an organization, a partnership, a corporation, an LLC or representing attorney, or an individual party. Escrow must provide an accurate professional work product and act as the communication depot.
1031 Exchange
1031 or tax deferred exchange escrows require special training and experience. If the transaction is not handled properly, it could generate unexpected tax implications to the client. Working closely with an accommodator, the funds from the sale of an investment property can be set aside for purchase of a like property, with taxable income being deferred to a later date. This creates larger buying power and better cash flow for an investor.
Bulk Sale
This is an escrow that covers the sale of a business and requires time sensitive notifications, communications and documentation with the associated parties and governmental agencies. The details of a business’s income and expense, credit and debt, rents and payables must be disclosed. In addition, personal non-real property must be inventoried, valued and transferred with great detail and accuracy and comply with the appropriate sections of the California Uniform Commercial Codes.
Liquor License Transfer
Generally, but not always, a liquor license is transferred in conjunction with a Bulk Sale and requires special training and experience. As with Bulk Sales, time sensitive notifications, communications and documentation are extremely important. Escrow must work closely with The Alcoholic Beverage Control Board, other governmental agencies and comply with the appropriate sections of the California Business and Professions Code.
Notary Services
We know that it is no longer as simple as it once was to obtain notary services. Four Seasons is pleased to provide a full range of services including complimentary notary in our offices. All of our ancillary services are conveniently located in our office.
Mobile notaries are available at all hours upon your request.
Translators are available for Spanish, French and Arabic.
initialhere.com
Notary-Network.com
Phone 866-279-3935
Fax 714-283-5038
notarynetwork.com
Door2Door Docs
2910 Circle View Drive
Simi Valley, CA 93063-2122
Phone 805-794-0347
Fax 805-581-7161
Return to: Residential, FSBO, Refinance, Commercial & Industrial Escrows
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