Okay, now I come to Khan for physio, med lecs and bio. I just happen to be looking at home buying vids and you show up! Never a dull moment. You guys are the best!!!
@reffa28582 жыл бұрын
Wow this simplifies things tremendously!
@thatnikita6 жыл бұрын
Well boiled down! Now I've got a clear understanding of what escrow actually is. Thanks!
@CindyMay7 жыл бұрын
love the way you go into details! Thank You!
@antigacoruja118510 жыл бұрын
i love these videos!
@boomofficial99 Жыл бұрын
Thanks for your sharing ❤
@l.crossjr7 жыл бұрын
Simple and to the point. Very well explained
@LECityLECLEC3 жыл бұрын
Khan Academy Law plz thanks Sal!
@thrivesurvive8 жыл бұрын
very helpful. thanks
@JasonSpenc7 жыл бұрын
You guys are awesome. Thanks.
@bravehats2 жыл бұрын
Hello 2022, a rime when offer is greater than asking price, and all contingencies are waved.
@blobbodobbo10 жыл бұрын
Nice drawing
@Jboy15272 жыл бұрын
So by paying everyone. Does that money comes out of the 300k
@butterflyqueen92607 жыл бұрын
couldn't i just open a savings account and I put a little in a separate account for insurance, hoa and taxes?
@PouringitOut7 жыл бұрын
Butterfly Queen escrow in essence is a regulated 3rd party that follows governing laws of real estate with licenses which for any reason of money goes missing or any other instance those monies can be refunded. we as escrow reps are like a mediator to make sure both parties are meeting each others expectations and take the hassle from both the buyer and seller by paying off outstanding debit, property taxes, liens, etc..
@surferdudette1910 жыл бұрын
What if the escrow agent is a fraud working to get your money / deed of the house for the other party? How do you know he won't be careless with your transaction or just run off with all that money?
@randomwindowsstuffz10 жыл бұрын
Well, you can never know. Really, even if the escrow agent has many people supporting it (or even is funded by the government itself), we do live in a corrupt world; and every man has his price. By buying anything, whether it be a house or just a chocolate bar, you are taking a risk of facing fraud. /
@annienystrom14926 жыл бұрын
Escrow companies are trusted, guaranteed and have to abide by the strictest of guidelines with lots of oversight. No worries.
@ikekeonwu5 жыл бұрын
@@annienystrom1492 Thanks
@EnTheosUsmus10 жыл бұрын
Who pays the escrow agent?
@sieve57 жыл бұрын
In my situation the selling party is paying the escrow agent as well as the real estate agents cut of the pie.
@usmcpound10 жыл бұрын
Who the hell has 51k just sitting around?
@CapyBrotha10 жыл бұрын
Inheritance, lines of credit, savings, cash from a previous sale of an asset and last but not least a loan. There are plenty of ways to get that money.
@markgriz10 жыл бұрын
People saving to buy a house?
@CapyBrotha10 жыл бұрын
I would say that it's a principle in today's economy to give out loans. Since money is created by borrowing money. Keep borrowing or else our system would collapse. Debt free world == economic collapse.