ESCROW UPDATE Web Site: www.escrowla.com • sharon E-mail: @escrowla.com Escrow L.A., Inc. is an independent and unaffiliated firm specializing in residential and commercial transactions, including new home sales, re-sales, short sales, refinancing, 1031 tax-deferred exchanges, new projects/tracts, investment properties, relocations and Real Estate owned (REO) transactions. Experience, Integrity, Professional Service Independent and unaffiliated, since 1993 11911 San Vicente Boulevard , Suite 300 Los Angeles, California 90049 Sharon Sharp President / Manager Escrow Officer Daniel Hilton Vice President Join Us on Facebook! JULY 2016 Independent & Unaffiliated Escrow Company NOT AFFILIATED WITH ANY REAL ESTATE AGENTS, BROKERS, TITLE OR MORTGAGE COMPANIES Heather Gutierrez Business Development Complete and Personalized Escrow Services Licensed by the Dept. of Business Oversight Residential, Commercial, Subdivisions and Tract • • • Shepard Vineburg Business Development Escrow L.A., Inc Suite 300 Los Angeles, CA 90049 Ph: (310) 231-9100 Fx: (310) 231-9200 www.escrowla.com Established in 1993 . 11911 San Vicente Blvd. Escrow companies are required to comply with the California "Good Funds Law" AB512 for all funds deposited in escrow. Escrow companies must be in receipt of sufficient "good funds" in order to close a transaction, an escrow officer can only authorize recording of the closing documents when all funds on deposit have been cleared. A wire transfer is the best form of deposit for all parties involved. These funds must be on deposit for at least 24 hours before the escrow officer can authorize recording the documents to close your escrow. Cashier's checks can be deposited for closing. Although, your escrow documents will not be released for recording until the cashier's check has actually paid. With the privacy laws it is difficult to verify if a cashier's check has paid, and it can take up to two weeks for a cashier's check to pay, depending on what state the bank is in that the check was drawn from. Furthermore, the party issuing the cashier's check can issue a stop payment on the cashier's check. Therefore, a cashier's check is not the best form of deposit funds for a closing. Escrow companies will not accept Money Orders, Official Checks, credit cards payments, ACH (Automatic Clearing House) transactions or Online Transfers since these types of deposits can be recalled by the sender and do not meet government "good funds" guidelines. If you are obtaining a loan always check with your loan agent to verify exactly which account your deposit funds must come from before sending a wire. If the deposit funds are coming from an account belonging to a third party please clear this with your loan agent first. The lender may not approve of funds coming from another party. Also, the third party will be required to sign a Third Party Deposit form before a notary public. Be sure to always contact your bank about sending a wire to insure the wire is sent in a timely manner. And, before sending any wire always be certain to speak with your escrow officer to verify the account the funds are going to. Unfortunately, wire fraud is a serious problem, computer hackers are intercepting emails containing wire transfer instructions, they are changing the banking information for the funds to go to. Do not ever send a wire without speaking with your escrow officer first to verify the account information. FUNDS FOR CLOSING ESCROW Fraud Alerts! The one and only website for Escrow L.A., Inc. is: www.escrowla.com There is another escrow company with a name similar to Escrow L.A., Inc. That company has fraud alerts, that company is in no way affiliated with Escrow L.A., Inc.
Transcript
ESCROW UPDATE
Web Site: www.escrowla.com • sharonE-mail: @escrowla.com
Escrow L.A., Inc. is an independent and unaffiliated firm specializing in residential and commercial transactions,
including new home sales, re-sales, short sales, refinancing, 1031 tax-deferred exchanges, new projects/tracts, investment properties, relocations and Real Estate
owned (REO) transactions.
Experience, Integrity, Professional Service Independent and unaffiliated, since 1993
11911 San Vicente Boulevard , Suite 300Los Angeles, California 90049
Sharon SharpPresident / Manager
Escrow Officer
Daniel Hilton Vice President
Join Us on Facebook!
JULY 2016
Independent & Unaffiliated
Escrow Company
NOT AFFILIATED WITH ANY REAL ESTATE AGENTS, BROKERS, TITLE OR MORTGAGE COMPANIES
Heather GutierrezBusiness Development
Complete and Personalized
Escrow Services
Licensed by the
Dept. of Business Oversight
Residential, Commercial,
Subdivisions and Tract
•
•
•
Shepard VineburgBusiness Development
Escrow L.A., Inc
Suite 300
Los Angeles, CA 90049
Ph: (310) 231-9100
Fx: (310) 231-9200
www.escrowla.com
Established in 1993
.11911 San Vicente Blvd.
Escrow companies are required to comply with the California "Good Funds Law" AB512 for all funds deposited in escrow.
Escrow companies must be in receipt of sufficient "good funds" in order to close a transaction, an escrow officer can only authorize recording of the closing documents when all funds on deposit have been cleared. A wire transfer is the best form of deposit for all parties involved. These funds must be on deposit for at least 24 hours before the escrow officer can authorize recording the documents to close your escrow.
Cashier's checks can be deposited for closing. Although, your escrow documents will not be released for recording until the cashier's check has actually paid. With the privacy laws it is difficult to verify if a cashier's check has paid, and it can take up to two weeks for a cashier's check to pay, depending on what state the bank is in that the check was drawn from. Furthermore, the party issuing the cashier's check can issue a stop payment on the cashier's check. Therefore, a cashier's check is not the best form of deposit funds for a closing. Escrow companies will not accept Money Orders, Official Checks, credit cards payments, ACH (Automatic Clearing House) transactions or Online Transfers since these types of deposits can be recalled by the sender and do not meet government "good funds" guidelines.
If you are obtaining a loan always check with your loan agent to verify exactly which account your deposit funds must come from before sending a wire. If the deposit funds are coming from an account belonging to a third party please clear this with your loan agent first. The lender may not approve of funds coming from another party. Also, the third party will be required to sign a Third Party Deposit form before a notary public.
Be sure to always contact your bank about sending a wire to insure the wire is sent in a timely manner. And, before sending any wire always be certain to speak with your escrow officer to verify the account the funds are going to. Unfortunately, wire fraud is a serious problem, computer hackers a re intercepting emails containing wire transfer instructions, they are changing the banking information for the funds to go to. Do not ever send a wire without speaking with your escrow officer first to verify the account information.
By Jennifer Felten,RELAW,APC
http://www.relawapc.com/jennifer
699 Hampshire Road, Suite 105, Westlake Village, CA. 91361 US
www.mobilenotarypublic.comCellular (818) 807-65411531 Camden Ave. #107Los Angeles, CA 90025
Specializing in Lenders' Loan documents
“Dany is our favorite Notary, he does an outstanding job and is so
wonderful to work with!” – Sharon Sharp
facebook.com/escrowla
Now you can “like” us on Facebook.We post informative and interesting
articles relating to the real estate industry and life in Southern California.
“Country Plants has a fabulous selection of plants and a huge selection of beautiful pots…
and their prices are fantastic!” – “Sharon Sharp”
Fraud Alerts! The one and only website for
Escrow L.A., Inc. is:
www.escrowla.com There is another escrow company with a name
similar to Escrow L.A., Inc. That company has fraud alerts, that company is
in no way affiliated with Escrow L.A., Inc.
(310) 908-4045 Nancy Orrego
Senior Account Executive
Reprinted from The California Land Title Association
Jacques’ Tip of the Month: In today's lesson you will learn one of the principle reasons why little things really do matter, and you will comprehend the incredible impact little efforts can have on your life. Darren makes the argument that the only path to success is through the continuum of mundane, unsexy, unexciting, and sometimes difficult daily disciplines compounded over time.
Reaching your goals is achieved by the DAILY effort you put into what you do, not by some magic success formula, new miracle product, or undiscovered Internet business. Every big success is made up of little successes, each building on the previous and compounding over time.
Formula for Life
Darren created a life formula: “Your life comes down to this formula. Your Choices (decisions) + Behavior (action) + Habit (repeated action) + Compound Effect (Time) = Goals.” Let's examine each of these components separately.
· Choices
Darren said, “The difference between becoming fabulously rich, happy and healthy—or broke, depressed and unhealthy is the choices you make throughout your life.” Our lives are a mirror image of the decisions we make each day. For example, the decision to make a healthy food choice, versus something we know is not healthy. One of my all-time favorite quotes by Jim Rohn is “Success comes from making a series of good decisions over time while failure comes from making a series of poor decisions over time.” If you want to improve your life, you must improve your decisions. I believe the most important element in making good decisions is making conscious decisions. This is when you actually consider the pros and cons of your decisions before making them. I am convinced most people float through life making decisions on the fly, with little if any thought, only to find themselves wondering why they aren't happy, healthy, or successful.
· Behavior
What stands between you and your goal is your behavior. Darren said, “If you say you are a dedicated professional, but yet you show up late and unprepared, your behavior rats you out every time.” Do you need to stop doing things so the compound effect doesn't take you in a downward spiral? Similarly, what do you need to start doing to change your trajectory so you are headed in the right direction? As you consider your goals, what behaviors may be sabotaging your success?
· Habits
We must establish the right habits—those that repeated over time take us in the right direction. We must look at everything we do consistently and determine if it is a habit that moves us towards or against what we want to achieve. We must create routines or systems of action that become beneficial habits over time. Darren said, “A routine is something you do every day without fail, so that eventually, like brushing your teeth or putting on your seatbelt, you do it without conscious thought. Just as investments compound over time, so do our daily actions. If they are good they take us down one path. If they are bad or destructive, they take us down a completely different path.”
· The Compound Effect
Darren defines the Compound Effect this way: “It's the principle of reaping huge rewards from a series of small, smart choices. Success is earned in the moment to moment decisions that in themselves make no visible difference whatsoever, but the accumulated compounding effect is profound.” If you want to save money so you can enjoy your retirement, consider the compounding effect of spending $4 a day on coffee. If you choose to invest $4 a day at 8% interest rather than spending it on a cup of coffee it would result in $51,833.79 in 20 years. The same result could also be reached by making your own lunches rather than eating out. Do both and you will have saved an extra $100,000.
Patience is the Answer
In order for the compound effect to work, you need to be patient. Most of these daily changes won't provide immediate results. If you reduce your calories by 150 today, you won't see a difference today or even this week. The same is true with working out. You can go bust your butt at the gym and you won't see results today or this week. These daily disciplines must be given time to produce results. Darren said, “What's most interesting about the process to me is that even though the results are massive, the steps, in the moment, don't feel significant. Whether you are using this strategy for improving your health, relationships, finances or anything else, the changes are so subtle, they're almost imperceptible.”
The Path Upward
If achieving your goals and living the life you have always dreamed of is important to you, I have three challenges for you.
1. Make a list of all the choices you make throughout each day and ask these questions. When these choices are compounded over time will they move me closer to the accomplishment of my goals or will they take me further away? Will the time I spend reading the morning newspaper help me achieve my goals? Will the time I spend watching TV help me achieve my goals? Will this lunch choice help me achieve my goals?
2. Review your goals and make a list of the habits you must create each day to achieve them. After making this list, commit to reading this list and applying each of the points listed for the next 21 days. Once you have done them consistently, every day for 21 days, they will start to become habits and will be much easier to sustain over the long term.
By Todd Smith
THE COMPOUND EFFECT Authored by Darren Hardy
800-450-3660
“The bitterness of poor quality lingers long after the sweetness of a cheap price is forgotten.”
~Unknown~
“The bitterness of poor quality lingers long after the sweetness of a cheap price is forgotten.”
~ author unknown ~
T h e s u m m e r m o n t h s c a n b e uncomfortable—even dangerous—for pets and
people. It's difficult enough simply to cope with rising temperatures, let alone thick humidity, but things really get tough in areas that are hit with the double blow of intense heat and storm-caused power outages, sometimes with tragic results. We can help you keep your pets safe and cool this summer. Follow our tips for helping everyone in your family stay healthy and comfortable when the heat is on (and even if the power isn't).
PRACTICE BASIC SUMMER SAFETY
Never leave your pets in a parked car - Not even for a minute. Not even with the car running and air conditioner on. On a warm day, temperatures inside a vehicle can rise rapidly to dangerous levels. On an 85-degree day, for example, the temperature inside a car with the windows opened slightly can reach 102 degrees within 10 minutes. After 30 minutes, the temperature will reach 120 degrees. Your pet may suffer irreversible organ damage or die.
Watch the humidity - "It's important to remember that it's not just the ambient temperature but also the humidity that can affect your pet," says Dr. Barry Kellogg, VMD, of the Humane Society Veterinary Medical Association. "Animals pant to evaporate moisture from their lungs, which takes heat away from their body. If the humidity is too high, they are unable to cool themselves, and their temperature will skyrocket to dangerous levels—very quickly." Taking a dog's temperature will quickly tell you if there is a serious problem. Dogs' temperatures should not be allowed to get over 104 degrees. If your dog's temperature does, follow the instructions for treating heat stroke.
Limit exercise on hot days - Take care when exercising your pet. Adjust intensity and duration of exercise in accordance with the temperature. On very hot days, limit exercise to early morning or evening hours, and be especially careful with pets with white-colored ears, who are more susceptible to skin cancer, and short-nosed pets, who typically have difficulty breathing. Asphalt gets very hot and can burn your pet's paws, so walk your dog on the grass if possible. Always carry water with you to keep your dog from dehydrating.
Don't rely on a fan - Pets respond differently to heat than humans do. (Dogs, for instance, sweat primarily through their feet.) And fans don't cool off pets as effectively as they do people.
Provide ample shade and water - Any time your pet is outside, make sure he or she has protection from heat and sun and plenty of fresh, cold water. In heat waves, add ice to water
when possible. Tree shade and tarps are ideal because they don't obstruct air flow. A doghouse does not provide relief from heat in fact, it makes it worse.
Cool your pet Always provide water, whether your pets are inside or out with you. Keep your pet from overheating indoors or out with a cooling body wrap, vest, or mat (such as the Keep Cool Mat). Soak these products in cool water, and they'll stay cool (but usually dry) for up to three days. If your dog doesn't find baths stressful, see if she enjoys a cooling soak.
Watch for signs of heatstroke- Extreme temperatures can cause heatstroke. Some signs of heatstroke are heavy panting, glazed eyes, a rapid heartbeat, difficulty breathing, excessive thirst, lethargy, fever, dizziness, lack of coordination, profuse salivation, vomiting, a deep red or purple tongue, seizure, and unconsciousness. Animals are at particular risk for heat stroke if they are very old, very young, overweight, not conditioned to prolonged exercise, or have heart or respiratory disease. Some breeds of dogs—like boxers, pugs, shihtzus, and other dogs and cats with short muzzles—will have a much harder time breathing in extreme heat.
How to treat a pet suffering from heatstroke - Move your pet into the shade or an air-conditioned area. Apply ice packs or cold towels to her head, neck, and chest or run cool (not cold) water over her. Let her drink small amounts of cool water or lick ice cubes. Take her directly to a veterinarian.
Prepare for power outages - Before a summer storm takes out the power in your home, create a disaster plan to keep your pets safe from heat stroke and other temperature-related trouble.
By The Humane Society of the United States
Keep Pets Safe in the Heat
How, where to cool animals down when temps soar
"The bitterness of poor quality lingers long after the sweetness of a cheap price is forgotten."
