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October 07, 2022, 12:47:32 am
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Author Topic: Escrow funds to cover violations and repairs???  (Read 2386 times)

Offline ClevelandSlim

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  • Posts: 51
    • The Ohio Home Connection
Escrow funds to cover violations and repairs???
« on: April 08, 2010, 10:58:04 am »
Hey,

I have a buyer, who is trying to contract to purchase two properties. For both properties, the cities are requiring escrow funds to cover the violations.

What we need now, is to know what insurance companies can/do handle bonds for these escrows...

Can anyone help me out with a little good information?

All the best,
~Slim~
REALTOR, SFR, from Ohio. I just moved to North Hollywood, CA!   Waiting for my real estate license. I need to make some money!  If you need web site work, ads posted, etc please contact me.
I Gotta Pay My Rent!!

Offline Bluemoon06

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Re: Escrow funds to cover violations and repairs???
« Reply #1 on: April 08, 2010, 03:04:03 pm »
I would ask the title company that you are planning to close with.
Real estate to Retire you
http://sphinxwealth.com/

Offline ClevelandSlim

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  • Posts: 51
    • The Ohio Home Connection
Re: Escrow funds to cover violations and repairs???
« Reply #2 on: August 11, 2011, 08:48:21 pm »
Bluemoon06 thanks for this reply.

It's been a while. But both of those deals did close. My buyer switched to a different title/escrow company that would insure for the repairs!

All the best,
~Slim~
REALTOR, SFR, from Ohio. I just moved to North Hollywood, CA!   Waiting for my real estate license. I need to make some money!  If you need web site work, ads posted, etc please contact me.
I Gotta Pay My Rent!!

 




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