Investment Property

Investment money is used in real estate to purchase property to hold, resell, or lease the property for income, capital appreciation, or both. These transactions can include Residential and Commercial real estate investment properties including land.

 Refinancing is taking out a new mortgage for your home. The principals of the escrow – the lender and the borrower – create escrow instructions and entrust documents and funds to a third party, the escrow company, and the escrow officer. With this arrangement, the parties are assured that no funds will change hands until all instructions are followed. 

 A Trust Sale is the sale of a property held by a Trust. The original trustee is either under conservatorship due to an inability to handle their affairs, or the original trustee has passed away. The assigned property trustee is responsible for selling the property and holding the sale proceeds in a Trust account for the beneficiaries. We have extensive experience with Trust Sales and manage numerous Trust Sale escrows. The escrow process for a Trust Sale differs significantly from that of a regular sale. As a result, it is necessary to engage an Escrow Officer with extensive experience in Trust Sale escrows to avoid any mistakes in the process and to ensure a timely closing of the escrow. 

When you decide to buy or sell any major real estate, the best protection for all parties involved is a reputable property escrow agent. Escrow agents ensure that all parties involved in the transaction have followed through with the instructions of an escrow. When it comes to real estate escrow services, the escrow agent is an unbiased party that acts on behalf of all the principals of the escrow: the buyer, seller, lender, and borrower. The escrow agent is selected in an agreement between the principals to ensure transparency and fair execution of the property escrow.

We realize that every Re-sale transaction is unique and requires the complete attention of a dedicated team of escrow professionals. Brokers and lenders trust our professionalism, experience, and attention to detail. We complete each escrow smoothly and on time, ensuring a reliable partner in your closing.

Areawide Title is well versed in those differences, which include the occasional use of business managers who act on behalf of the principals. 

Commercial and Industrial transactions require trained and experienced senior escrow personnel due to their complexities. Issues can arise requiring expert-level knowledge from title issues to multiple leases and deposits to compliance with municipalities’ regulations. Particularly for transactions involving a substantial investment, the buyer or seller should demand the protection of an escrow.

Our specialized team of escrow officers enables us to anticipate challenges, meet deadlines and troubleshoot problems in order to facilitate a successful close. That is why brokers and principals trust Trustway Service staff to manage their Commercial and Industrial real estate escrows.

A Short Sale is a Real Estate Transaction where the sales price does not suffice to payoff the existing loan(s) on the property and closing costs. In certain circumstances, the Seller can contact the bank/lender to negotiate a payoff amount that is less than the amount owed. A Short Sale occurs when the lender agrees to accept a lesser amount to pay off their loan with the understanding the Seller shall receive no proceeds from the sale of the property

  R.E.O. involves the acquisition of property that is in the possession of a lender as a result of foreclosure or forfeiture. This is when homeowners must turn the property over to the Lender because they are unable to meet the mortgage. Usually, when buyers plan to purchase an R.E.O. (or foreclosed) property, they incur special challenges such as tighter timelines and rigorous policies.

Our team of Escrow Officers that specializes in residential and commercial REO transactions enables banks to feel confident and secure and that their transactions will efficiently close promptly. REO has strict deadlines, and tight requirements, and incurs special challenges.

  A 1031 exchange, otherwise known as a tax-deferred exchange, is a simple strategy and method for selling one qualified property, and then proceeding with an acquisition of another property (also qualified) within a specific time frame. The logistics and process of selling a property and then buying another property are practically identical to any standardized sale and buying situation. A 1031 exchange is unique because the entire transaction is treated as an exchange and not just as a simple sale. It is this difference between "exchanging" and not simply buying and selling which, in the end, allows the taxpayer(s) to qualify for a deferred gain treatment.

We have the knowledge on how to best serve and help with the 1031 exchange escrow process and we can answer all your questions and walk you through the process.

It is common for real estate to be held in probate after the death of the owner. Oftentimes, the property is sold out of probate court when the owner passes away without leaving it willed to an heir. This generally is a straightforward transaction, and you may be excited to get a great deal on the purchase because it is a probate sale property. We offer exceptional probate sale escrow services to our clients, and our experience and dedication to your transaction will be evident throughout the process.

While many probate sales are straightforward and hassle-free, there are some nuances to some of these transactions that must be considered, and you can rest assured that our experienced team of escrow agents at Areawide Title knows how to walk you through the process of buying this type of property. As an escrow agency, we will assist with the buying process by holding the necessary funds in escrow throughout the transaction. This may include the good faith deposit, the mortgage funds, and other deposits or fees that need to be collected.