North Hills Escrow Corp

Experts are forecasting the housing market to continue to grow and show strong results for the rest of the year. Home sales are on the rise and demand is pushing prices higher. On the buyer’s side, the low mortgage rates encourage people to buy even despite higher home prices.

Whatever you real estate plans may be, using an escrow company is something you should consider. An escrow company works as a trusted middleman for all parties. We make sure that the transaction goes as planned and that everyone involved is secured.

Many reports are coming in about the resurgence of the housing market. Especially in suburban areas, home prices have increased substantially as more and more people want to move away from more densely populated areas. Combined with the fact that working from home has become so normalized, many are prioritizing homes with open spaces and yards over apartments and homes close to downtown areas.

This might encourage you to consider buying or selling a home or property during these advantageous times! However, the housing market has been very turbulent, and you should make sure your transactions are secured by using a trusted escrow company to help all parties walk away happy!

If you have any questions about the escrow process or how we can help, please reach out!

During this pandemic we have seen businesses adjust their workforces to incorporate a stronger work-from-home dynamic.

Now that this has been progressing steadily and many businesses have been able to switch over to work from home fairly well, we’re seeing a growing demand for houses in suburban areas.

Lawrence Yun, the chief economist at NAR states:

“Homebuyers considering a move to the suburbs is a growing possibility after a decade of urban downtown revival…Greater work-from-home options and flexibility will likely remain beyond the virus and any forthcoming vaccine.”

What does this mean? It means suburban homeowners could see great opportunity to sell their homes.

Whether you might be thinking of buying or selling, make sure to use an escrow company proven in the industry to provide a seamless transaction for all parties involved.

Despite the pandemic and recession slowing the country’s economic well-being, we are seeing great numbers from homeownership rates.

The Deputy Chief Economist at First American, Odeta Kushi, illustrates this:

“Big jump in the homeownership rate today, mostly driven by younger households. We saw a spike in the number of owners, and a decline in the number of renters. This is the highest rate of homeownership since 2008.”

More and more people are taking advantage of low mortgage rates to look into buying a home. This is good for buyers and sellers alike!

If you’re looking to buy or sell a home, make sure you’re aware of all your options, and that you use a trusted escrow company to help your transaction go through without a hitch!

Historically low mortgage rates are pushing people to take advantage of this rare opportunity by purchasing a home. Not only that, but because of these substantially lower rates, the average mortgage payment is estimated to be below the cost of renting.

In the National Association of Homebuilders ‘Q2 2020 Housing Trends Report’ they state; “Eighty-four percent of Gen Z’s planning to buy a home are first timers, compared to 68% of Millennials, 52% of Gen X’s, and 21% of Boomers.

With so many first-time homebuyers entering the market, it’s important to consider your options. By using an established, trust-worthy escrow company, you can ensure your transaction to go through exactly as intended. Buying or selling a home can be stressful, but it doesn’t have to be!

The Real Estate Broker Survey, conducted by Ivy Zelman showed home buyer demand is not only strong, but wildly growing:

“This month’s overall homebuyer demand rating…was easily the strongest sequential gain in our survey history…Strength continues to be led by the entry-level…While high-end demand is less robust in an absolute sense, there has also been relative improvement, with contacts attributing incremental improvement to the stock market’s rebound…”

This is great news for the housing market and may encourage more people to un-pause their real estate plans.

It’s important to keep in mind that while the market is rebounding well, that doesn’t mean you shouldn’t ensure your transactions go through without a hitch. A great way to do this is to use a well trusted Escrow company as a third party to manage all tasks specific to the closing.

Many are finding this time an excellent opportunity to buy or sell their homes. With this, you may find yourself in a position where you’re moving during this pandemic. Don’t worry, here are some steps you should take to ensure your move is a safe one!

Extra Sanitary Precautions while moving during COVID-19
Movers should come prepared with their face masks. Keep your distance from movers and avoid handshakes. Keep soap, running water and paper towels available for movers and your family to wash your hands throughout the day.

Label rooms and boxes to make the move seamless
Take the time to label your boxes and the rooms in your new home before your movers arrive.

Clean your new home before unpacking
After the movers leave, take some time to disinfect any areas that are high touch zones.

Pack your patience and an overnight bag
Finish unpacking by disinfecting boxes or simply wait 24 hours.

We have been has been managing a variety of escrow transactions for over a decade, ensuring safe, timely, and successful closings for each unique case.

With a team of highly experienced agents, we're able to stay informed about current rules and regulations involving escrow transactions, as well as provide excellent customer service to ensure your needs are met.

More than ever, escrow companies are needed to guaranteed a smooth transaction between buyers and sellers, so please contact us with any questions we can help you with!

Did you know North Hills Escrow Company is one of the few escrow companies that takes care of personal and business transactions, which may involve complex legal contracts and disputes?

Our team of experts and highly experienced agents stay well informed about current rules and regulations involving escrow transactions, as well as provide excellent customer service to ensure your needs are met.

If you have any questions about the personal about business escrow transactions, reach out today!

Are you aware of pre-sale requirements in your city?

Many cities in Los Angeles County have certain requirements in order to close escrow. These may include specific inspections, fees or taxes. They may also include mandated low-flow toilets, water heater strapping, or mandatory affordable housing waivers.

Be aware of the requirements in the city you are considering buying or selling property in. While you may know the requirements of one city, your city could have very different rules.

Check the pre-sale requirement of your city by heading to www.northhillsescrow.com/resources

Join an amazing team and family at North Hills Escrow Corp!

We’re looking for a qualified individual to assist senior escrow officers in processing and finalizing real estate transactions!

This position's responsibilities include:
(1) ensuring all aspects of the transaction processed smoothly,
(2) to meet and complete all required paperwork,
(3) to meet all deadlines,
(4) scanning/filing,
(5) and any other request(s) from the Escrow Officer(s)

Please send inquiries to [email protected]

If you’re thinking of refinancing a home, here’s what we can do to help:

Refinancing a home or business means paying off and replacing an existing loan with a new loan to lower interest rates and offer a more beneficial loan term.

North Hill Escrow prepares a strategic plan to lead you through your refinance transaction efficiently and timely. Our escrow officers work with homeowner, original lender, and new lender to ensure that your new lender covers the cost of your old loan while you cover closing costs.

Allow our highly experienced officers to handle your refinance transactions with the utmost knowledge and care.

What is a Short Sale and how can we help you with one.

In the case of a short sale escrow, the lender examines the loans of the homeowner in order to determine whether or not they owe more than the home’s sale price. A short sale requires the approval of the lender, allowing the property to be sold and generally keeping the seller from paying a remaining balance after the sale.

Homeowners may choose to do a short sale over a foreclosure because it’s more affordable and causes less damage to the seller’s credit score. Obtaining a new mortgage and loan may also be easier and quicker to do following a short sale.

North Hill Escrow agents guide you through the short sale process thoroughly and timely, making sure you understand every step in the transaction, unique to your case. Our escrow officers are well trained and experienced in order to oversee any of your questions throughout the process.

During Covid-19 many people have become more wary of selling or buying homes. The economic uncertainty that has followed has, reasonably, worried most people into putting off their real estate plans for when things settle down.

For some people this has been great, as less competition among home sellers has bumped up the average home selling price. But in most cases this makes the real estate transaction more complicated as some may be more likely to drop out of a deal or try and take advantage of the situation and potentially you.

That’s why you need a trusted escrow company to work as an independent party to satisfy both buyer and seller.

You may have heard that mortgage rates are now at a historic 2.98% for the first time in history.

This is an amazing time for real estate whether you’re buying or selling a property. However, with the boom we’re going to see in the market from these low mortgage rates and low supply of homes for sale, the home buying or selling experience could become more complicated as many offers on single properties are likely to come in.

Make sure you’re doing you due diligence whether buying or selling, and team up with a trusted escrow company in order and guarantee a beneficial transaction for all parties.

Why North Hills Escrow Corp?

The process of purchasing or selling a home requires the personal attention of experienced professionals to ensure a smooth and efficient residential transaction and deliver a peace of mind to every party involved.

North Hills Escrow agents are well informed of the changing state and federal laws regarding residential escrow closings and will direct you through a full-service residential transaction for a successful closing, without delay.

We work closely and diligently with buyer, seller, and real estate agent in order to make sure the expectations of each party member is met.

The Life Cycle of Escrow 🏠

Many people aren’t sure what exactly escrow means or why they need to hire a good escrow company to handle their real estate transaction. Here’s a quick walk through of what is done during escrow:

1) An escrow company is hired to handle the sale.
2) The escrow company creates the paperwork and issues instructions to the parties involved in the sale.
3) The escrow office does research on liens on the property and if all property taxes have been paid and are up to date.
4) The company then makes sure the loan documents are in order and ready to go if the purchase is being financed.
5) Final signatures are ensured and approved on all real estate documents.
6) The escrow company receives the down-payment and any closing costs from the buyer.
7) The office starts the loan funding from the lender.
8) The closing statements are then prepared and payment is given to the seller.
9) The loan is closed and filed with all parties including the lender.
10) The documents are copied and given to the buyer, lender, and seller.
11) And finally, the buyer is provided with the keys to the property.

Right now, the majority of projections of future home prices show there will be a strong increase in home values over the next year. This is partially fueled by the incredible demand we see happening in the market right now. While the reports may encourage people to go buy a home and take advantage of this great opportunity, it’s important to know what you’re getting into.

Buying a home for most Americans will be the biggest purchase they ever make in their lifetimes. For this reason, you want to take advantage of great opportunities, but do so cautiously and with the right partners.

One great way you can help to minimize the stress and complexity of a real estate transaction is by hiring a trusted Escrow company to work as a neutral third party in the interest of everyone involved. This helps to make sure you’re protected and that the transaction happens according to plan.

Right now, mortgage rates are the lowest they’ve been since Freddie Mac started recording these trends in the 70’s.

This means that many home buyers will be and have started to look for homes to purchase to take advantage of this opportunity.

At the same time, home sellers are waiting to list their property due to uncertainty in the economy. This is forcing the prices of homes to increase due to the extra demand and lower supply of homes.

It’s a very opportune time but also very complex time for buying real estate. In times like this, you want to use a trusted escrow company to ensure that these big transactions go as smoothly as possible and that both buyer and seller get a good deal!

We’re hiring an escrow assistant to assist our Senior Escrow Officers with processing and finalizing real estate transactions.
Responsibilities include:

(1) ensuring all aspects of the transaction processed smoothly,
(2) to meet and complete all required paperwork,
(3) to meet all deadlines,
(4) scanning/filing,
(5) and any other request(s) from the Escrow Officer(s)

Please apply by sending resumes to [email protected]

Escrows are incredibly useful for many reasons.

Especially in situations where a large amount of money is involved in the transaction and there are multiple steps that need to occur in that transaction.

This is because the Escrow company acts as a trusted neutral third party and makes sure everything happens when and how it needs to.

We're here to help make the real estate process smoother for all parties involved.

Contact us today to learn more about how we can help you realize your real estate dreams, like we did for Andre! ✅

Join an amazing team and family at North Hills Escrow Corp!

We’re looking for a qualified individual to assist senior escrow officers in processing and finalizing real estate transactions!

Please send inquiries to [email protected]

In times like this, everything is harder. Simple activities have become more complication in the wake of COVID-19 and the same goes for more demanding transactions like closing on a house or property.

But it’s these situations where using a trustworthy escrow company really pays off.

Having advanced deposits held by an escrow third party stops anyone in the transaction from taking advantage of a crisis like the coronavirus. Instead, adjustments can be made IF all parties agree upon the conditions, allowing you to feel a little bit of reassurance in a time of such inconsistency.

An escrow company is always a good choice, however, during these times the added security we provide is huge benefit.

Regardless of if you’re buying, selling, or lending money for a real estate transaction, you’ll want the assurance that no transactions will take place until EVERYTHING laid out in the agreement happens as instructed.

That’s where we come in.

By safeguarding all resources in the transaction as a neutral third party, we can ensure all guidelines are followed before the transaction closes.

Escrow is important whether you’re buying or selling real estate. As a neutral third party, an escrow agent holds the assets involved in your transaction in safekeeping and processes how assets will be dispersed according to the escrow agreement.

That’s why it’s so important to use an escrow company you can trust. As the #1 Escrow company is Los Angeles, we like to think we’ve earned that trust.

Serving over 75,000 clients since 2007, we’ve learned a thing or two! As the #1 Escrow company in Los Angeles, we pride ourselves on our experience and dedication to ensure your escrow transactions go smoothly.

Contact us today!

At North Hills Escrow Corp we’re committed to providing our clients with the tools, knowledge, and guidance to be successful in all your real estate needs.

Happy Independence Day! We hope you celebrate this wonderful day with friends and loved ones.