OT: stupid question, Escrow? |
|
Porsche, and the Porsche crest are registered trademarks of Dr. Ing. h.c. F. Porsche AG.
This site is not affiliated with Porsche in any way. Its only purpose is to provide an online forum for car enthusiasts. All other trademarks are property of their respective owners. |
|
OT: stupid question, Escrow? |
SirAndy |
May 23 2008, 05:25 PM
Post
#1
|
Resident German Group: Admin Posts: 41,813 Joined: 21-January 03 From: Oakland, Kalifornia Member No.: 179 Region Association: Northern California |
How exactly does Escrow work? (IMG:style_emoticons/default/idea.gif) from what i gather, the escrow company is kinda like a Notary with a Bank and i put in the funds and they'll hold them until certain terms in the sales contract are fulfilled and then release the funds to the seller ... am i close? (IMG:style_emoticons/default/shades.gif) Andy |
yellow914 |
May 24 2008, 10:44 PM
Post
#2
|
Member Group: Members Posts: 183 Joined: 28-March 08 From: San Jose, CA Member No.: 8,861 Region Association: Northern California |
in a business escrow it is typically handled by an escro company that specializes in licens transfer and also mobile homes as they are not real property (usually)
the ABC will no doubt want a rectal exame from both you and the seller to make sure there is no reason for them to not approve of this transfer...aaaaaalsoooo if you have any DUI's it could be more difficultbest of luck on your new business once to conquor the red tape...... (IMG:style_emoticons/default/beerchug.gif) |
Lo-Fi Version | Time is now: 24th September 2024 - 01:15 PM |
All rights reserved 914World.com © since 2002 |
914World.com is the fastest growing online 914 community! We have it all, classifieds, events, forums, vendors, parts, autocross, racing, technical articles, events calendar, newsletter, restoration, gallery, archives, history and more for your Porsche 914 ... |