Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago on . Most recent reply

User Stats

72
Posts
23
Votes
Thad Miller
  • Engineer
  • Santa Ynez, CA
23
Votes |
72
Posts

no escrow cheap land

Thad Miller
  • Engineer
  • Santa Ynez, CA
Posted

I'm selling northern California land for under $2k.  The buyer sent me a grant deed to sign with a notary.  How do I ensure that I get paid if I'm not using escrow?  

  • Thad Miller
  • Most Popular Reply

    User Stats

    21,918
    Posts
    12,876
    Votes
    Bill Gulley#3 Guru, Book, & Course Reviews Contributor
    • Investor, Entrepreneur, Educator
    • Springfield, MO
    12,876
    Votes |
    21,918
    Posts
    Bill Gulley#3 Guru, Book, & Course Reviews Contributor
    • Investor, Entrepreneur, Educator
    • Springfield, MO
    Replied

    What re you calling escrow?

    You can not just hand a check over and hand a deed to a buyer, doesn't matter what the price is.

    The days of the wild west are over, in fact a couple decades ago.

    Are you doing the closing yourself to save money......are you filing tax reports, who is providing the closing accounting statement or HUD-1 as required by law, ever hear of the Patriot Act involving cash transactions and large cash transaction reports for money laundering? If an amount is over $1,000, it can be a large transaction, any amount can be questionable. I could go on as to the laws you may be tripping over, but I'm not sure what you're trying to do. Closing requirements have no minimum price for any exemptions from requirements.

    I really suggest you call an attorney, a RE attorney, not get your closing advice off the internet.  

    Loading replies...