Viva Escrow Part 2

Hi, everyone! Welcome to my video blog!

Today, I have part two of our interview with the wonderful Juliana Tu from Viva Escrow!

Thank you for watching!

Is there going to be a new loan on the property?

If there is a new loan on the property, the escrow company will be in constant communication with the loan program. We need to make sure we have all the documents needed to approve the loan; they need to have the correct property address, the owner’s name, etc.  Once we have all the documents, we bring the buyer in to sign. We then send the signed information to the bank for funding.

As well as getting the loan documents, we also get all the paperwork necessary for the buyer and the seller to close the contract including an estimated closing statement. This statement is very important because it tells you what the buyer needs to bring in and tells the seller what net proceeds he will get.  The estimated closing statement is one of the most important functions we will perform.

When the seller is ready to sign the deed to transfer ownership, we are coming to the close of escrow.  Once the deed is signed, it gets recorded along with the buyer’s loan information at the county recorder’s office. When that takes place, then we know the file is ready to close and it is time to balance that file.

What does balancing the file mean? We pay off the loans that the seller has, make sure the taxes are paid and we make sure the buyer’s new loan goes on to secure the property. Once the file is balanced, the checks are sent out to all the parties and the transaction is considered close.

Throughout this process, a good escrow agent should follow the three ‘Cs’.

1. Communication: We need to make sure we keep in constant communication with everyone involved in the process: the buyer, seller, listing agent, selling agent, loan broker and even the termite company! 
2. Calendar: We need to know the timing of everything such as when a termite inspection should be done by, when is a physical inspection supposed to be done or when are we going to order the seller’s payoff.
3. Customer Service: It is to our benefit that we provide the best customer service. When our sellers and buyers are happy, we are happy too!

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The Diaz Team BACK AGAIN-with "The PREMIER San Gabriel Valley Re-Model on the Market!

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Check Out Our Newest Listing Before It's Gone!

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This 4 Bedroom, 2 Bathroom House in the Charter Oak area of Covina has the decor and design of a Martha Stewart Dream Home.  It's over 2200 Square Feet and sits on a HUGE 19,000 sq ft plus lot.  Immaculately maintained with almost everything upgraded. There is nothing in Los Angeles County in this condition @$525k!  Showings begin Friday May 24th!  Contact Team Diaz today for your private viewing

How To Get the Home of Your Dreams – Even In a Frustrating Market

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We understand how difficult it is to decide you want to buy a home, venture out into the real estate market, find out how few choices there are these days and then discover that so many others are going through the same thing. So we wanted to share with you some of the strategies that we impart to help our buyers actually WIN their bids.

First, it’s important to understand just why there are so many buyers lurking the marketplace nowadays. For starters, interest rates are at their lowest they have been for years – in fact, they are still hovering at historic low levels and we all know they will eventually climb back up again. Second, there is a lot of pent up demand given last year’s Presidential election followed by the fiscal cliff crisis. Before all that was years of economic strain that went hand in hand with our housing market crash in 2007.

So that explains why so many buyers are eager to lock in the low rates and home prices are still affordable. How can you be sure to win your bid as you compete against a sea of other buyers? Here are a few ideas that Team Diaz implements to make it happen for you:

• Get a prequalification or preapproval from your lender
• Remove some contingencies to make it as easy as possible on the seller
• Make your highest and best offer in the first place
• Be realistic and don’t expect lowball offers to be taken seriously

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The bottom line is that we want to see our clients happy and we make it happen by getting them the homes they want. If you allow Team Diaz to negotiate every step of the process, and to move quickly and strategically on your behalf – we WILL make it happen!

Meet the Monica Diaz Team – Up Close and Personal

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Nothing brings us more satisfaction, both professional and personal, than to see our friends, neighbors, clients and friends enjoy their successes in life. And real estate is a huge part of that success, whether buying your very first home, moving up into your dream home or selling to move on to new things.

Many Years of Combined Industry Experience

The Monica Diaz Team is proud to share an introduction of our team; starting with Monica herself. A long-time real estate industry professional doing appraisals as a certified home appraiser for 14 years and a 10-year real estate licensee, Monica brings a strong commitment backed by lots of experience to the table.

Working in Today’s World With Tomorrow’s Technology

Jay Campbell takes care of all the cool stuff, with a strong role as the team’s Digital Market and Social Media Strategist. The title is a mouthful but the job behind it is as important as ever with today’s fast-paced, technologically savvy and “now” world. Gone are the days of pencil pushing and waiting around for communications. Jay sees to it that we engage all our clients through an extensive network of social media platforms that work for you.

Dedicated Buyers’ Agents for All Purchase Transactions

We recognize that a lot goes into a selling a home and equally as important is the time when you might be seeking the perfect home. So we’ve set up an exclusive system where our buyer’s agent is dedicated solely to our buyers’ needs – whether single-family homes or condos or investment properties.

Strong Marketing Techniques With “Wow!” Factor

Similarly, we focus heavily on marketing your property when you decide it’s time to sell so that the process is easy, hassle-free and you get the most money for your home. Our thorough research process ensures that you are pricing your home well and we utilize today’s hot marketing tools that truly “wow!” the crowd.

Full In-House Team that Keeps It All Together

We employ a unique digital market collaborative that involves everyone on our team, including our in-house lending group that consists of five very talented and hardworking team members. To keep things running smoothly, we have a transaction coordinator who is well versed in contracts, documentation and all the not-so-small stuff that needs to keep happening in order to make it to the closing table with no roadblocks.
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Our team’s number one focus is on building and enjoying long-term relationships. When you work with a group of individuals that are driven by your happiness rather than their checks at the end of a transaction, you know you’re in good hands! Contact us today!