Worldwide Escrow Services is proud to be one of the real estate agents and private party home sellers top choice for purchases and sales. Every residential purchase transaction is unique and requires the complete attention of a dedicated team of escrow professionals. The pure number of escrows we have processed makes us the most experienced escrow company of choice in the residential purchase market. Brokers and agents trust our experience, professionalism, and attention to detail making us a reliable partner in your closing. In addition to the standard sale transaction, many sale transactions may be considered a short sale, an investment property, a high end purchase, and many other various types of purchase transactions. Of which; all have a slightly different process. Inland Empire Escrow is trained and experienced in all types of residential sales which makes us a powerful player for your team and individual sale.
A Short Sale (also known as Short Pay) is a sale of real estate in which the proceeds from the sale of the property will fall short of the balance of debts secured by liens against the property. The lien holder agrees to release their lien on the property and accept less than the full amount owed on the debt because the property owner cannot afford to repay the liens’ full amount.
A Short Sale is often used as an alternative to foreclosure because it mitigates additional fees and costs to both the creditor and borrower.
As Short Sales are time sensitive and demanding, our staff consists of experienced Short Sale escrow officers who guide you through the process and enable banks and homeowners to feel confident that the escrow will close on schedule.
Real Estate Owned (REO) is a property owned by a lender (usually a bank), and is labeled as an REO after an unsuccessful sale at a foreclosure auction. Typically, the foreclosing beneficiary sets the opening bid at a foreclosure auction for at least the outstanding loan amount. If there are no bidders, the beneficiary will legally repossess the property. Once it is repossessed, the property is listed on the books as REO.
REO has strict deadlines, tight requirements, and incurs special challenges. We are dedicated and equipped to handle all types of escrow services.
Commercial & Industrial
Commercial transactions present a unique set of challenges. Worldwide Escrow’s officers have 30+ years of experience with the most complex transactions. Our specialized team of Escrow Officers enables us to anticipate challenges, meet deadlines and troubleshoot problems in order to facilitate a successful close. That is why brokers and principals trust Worldwide Escrow’s staff to manage their Commercial and Industrial real estate escrows including:
- Land Acquisitions
- Office Buildings
- Retail Properties
- Shopping Centers
- Strip Malls
- Industrial Buildings
A 1031 exchange, otherwise known as a tax deferred exchange, is a simple strategy and method for selling one property, that’s qualified, and then proceeding with an acquisition of another property (also qualified) within a specific time frame. The logistics and process of selling a property and then buying another property are practically identical to any standardized sale and buying situation. A 1031 exchange is unique because the entire transaction is treated as an exchange and not just as a simple sale. It is this difference between “exchanging” and not simply buying and selling which, in the end, allows the taxpayer(s) to qualify for a deferred gain treatment.
Worldwide Escrow has Escrow Officers who are knowledgeable with the 1031 exchange escrow process and they can answer all of your questions and walk you through the process.
For Sale By Owner
a “for sale by owner” escrow does not have a real estate agent representing the buyer or seller. As a result, the buyer and seller become the primary points of contact in the transaction and are responsible for providing to escrow all the parts and pieces needed for the escrow process to happen. Due to our superior service our team can you with each step of the process.