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Updated over 8 years ago,

User Stats

185
Posts
56
Votes
Andy Cross
  • Wholesaler
  • Culver City, CA
56
Votes |
185
Posts

Opening Escrow in Southern CA

Andy Cross
  • Wholesaler
  • Culver City, CA
Posted

Hey BP,

I've got a contract out with a seller, and I'm waiting on a final signature.

I tried searching BP for answers to this question, but I feel like the answers may be specific to the cities those members were from. In Southern CA (or CA for that matter), what is the process to open an escrow account, and filing the contract assignment? And if I plan to wholesale, should I put the EMD down (out of my own pocket) and collect that deposit from the end-buyer?

I'm a step-by-step kind of person...so numbered bullet points would make it crystal clear for me.

Thanks gang! 

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