How do ya’ll handle escrow, when you do owner financing? New to this board, great site. Thanks for any help.
you mean open escrow?
in AZ we just write up our terms on the computer print &
both parties sign
buyer takes it with escrow $$$ to title company who the open escrow… they send officiak copies to buyer & seller to sign but because we both have signed the original & $$$ has been deposited it is offical
also out title office tells us if the buyer just comes in with a signed offer & a check, we can go from there with contingencies etc IF we accept it… but I prefer to work stuff out 1st as they give us discounts & treat us great
all this is the result of what our title company has told us & we have used this system many times
hope this helps
That was very helpful, thank you!