Full Service Escrow
The buying or selling of a home or vacant land between a Buyer and Seller. The role of escrow in a Sale Escrow is to ensure all parties meet the necessary requirements. Once all conditions of the escrow have been met, the deed is recorded to transfer the ownership interest in the property to the Buyer and net proceeds are paid to the Sellers.
A manufactured home is considered personal property, regulated by H.C.D. When the property is affixed to land, it is considered real property and the transaction is then similar to a residential resale, regulated by the Dept of B.O. North View Escrow Corporation remains educated on all laws and requirements involved in manufactured home sales and our Escrow Officers are extremely capable of successfully handling these types of transactions.
Commercial/ Industrial Sale
A type of escrow agreement placed on the sale of inventory, business assets or an entire company. The escrow serves to protect the interests of unsecured creditors: it eliminates the risk that the seller of the assets will use the proceeds from the sale for purposes other than paying debts or taxes owed.
Refinance/ Reverse Mortgage
Refinancing involves the payoff of an existing loan with the proceeds from a new loan, using the same property as collateral.
Reverse Mortgage is a type of mortgage in which a homeowner can borrow money against the value of his or her home. No repayment of the mortgage (principal or interest) is required until the borrower dies or the home is sold.
Leading financial institutions trust North View Escrow Corporation to process refinance transactions for their customers.
1031 Tax Deferred Exchange
We are a Qualified Intermediary to perform as Accommodator with our sister company North View Financial Inc. A section of the U.S. Internal Revenue Service Code that allows investors to defer capital gains taxes on any exchange of like-kind properties for business or investment purposes.
A real estate short sale is any sale of real estate that generates proceeds that are less than the amount owed on the property. It is an alternative to foreclosure. Most lenders do not want to own the properties used as collateral for their loans, because the maintenance costs and taxes add to their cost and decrease profitability. Our Escrow Officers possess the education and experience to overcome both the anticipated and unforeseen challenges.