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ATTORNEY ESCROW

I do not do routine escrows. I close complex transactions that title companies would rather not close.

Escrowing the deal sometimes involves writing up the purchase and sale agreement. 

Deals that I escrow often involve seller financing, assumptions, wrap-arounds, second mortgages, cross-collateralization, lease options, due-on-sale issues, lease-options, setting up LLCs, or true escrow collection accounts.

Fees start at $3,500 per side payable at closing. That is negotiable up or down depending on what I will have to do and how likely the transaction is to close.  

ESCROW SETUP AND FOLLOW THROUGH

I have a package of services that I call Escrow Setup And Follow Through. 

The difference with Attorney Escrow is that I am not handling the final escrow. The title company is handling the final escrow. My job is to advise, set up, disclose, prepare all documents, check title, resolve contingencies and inspections, deal with all legal issues that arise, but not including litigation, and follow the deal through to closing. Again there is a flat fee payable at closing.

These transactions often involve seller financing, assumptions, wrap-arounds, second mortgages, cross-collateralization, lease options, due-on-sale issues, lease-options, setting up LLCs, or true escrow collection accounts.

Escrow setup can happen when buyer and seller find each other without benefit of real estate brokers. I would write the deal, handle earnest money, set up escrow, get title insurance, make sure inspections are done, follow the deal all the way through escrow handled by the title company.

Escrow setup can happen when a broker has a complex transaction and calls me for a free consultation. I will quote a flat fee payable at closing. My role will be to take all legal actions necessary to achieve a successful closing. My advice to brokers who have complex deals is to write them up as best you can but add “non-binding, good faith letter of intent” at the top. Then send it to me. I will serve as a mediator and try to get the deal closed.  

Brokers earn their commissions by bringing buyer and seller together. They are marketing specialists. Their job does not include writing complex addendums. That’s where I come in.

For Escrow Setup and Follow Through fees start at $2,500 per side. That is payable at closing. 

EMAIL OR CALL

If you have a deal that needs to be closed, it is best if you send me an email. James@JamesDeal.com. Describe the deal. Tell me if you have a broker, if you have a purchase and sale agreement already or maybe a non-binding, good faith letter of intent.

Send everyone’s full name, phone number, email address, and mailing address. Send any old title reports, septic and drainfield docs, maps, diagrams, tax bills, mortgage statements, notes.

The fax number here is 425-776-8081. 

Or you can call. 425-774-6611. I will take notes and give you a flat fee quote payable at closing.   

I have an open telephone line to buyers, sellers, real estate brokers, and off-market buyers. 

James Robert Deal, Broker and Attorney
KW Everett

WSBA # 8103, DOL # 39666
425-774-6611, 888-999-2022
James at James Deal dot com

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