education or knowledge needed to own an escrow company?
452783
I would say that you need both. The education, so you know what's going on, what people are talking about, plus when it comes time to hire people, then you can hire people that you know what they're talking about (plus is true)and that you know that they are knowledgeable on the subject that you are trying to hire on. \n\nKnowledge is also a major factor, because then (like I said above) you know what's happening around you and you know what others are talking about. Plus it's also important because when marketing strategies are needed you can give your 50cents, or when something happens, then you know or at least have an idea on what to do &/or who to turn to for assistance
914788
Yes you got to invest wisely, they provide with the information required.  You got to also understand the costing that will occur to finally occupy the property and timeline to get the property  See their site johnbecland.com
615475
If you sell mortgages for a bank, you don't need to be licensed.  You will likely have to be licensed to work in a broker shop.  Most states have caps on what you can make on the loan.  In Ohio it was 7.99%, but it's changing to 5%.  Many lenders have their own caps on what they'll let you charge as well.  Really it comes down to the customer.  Good luck charging the cap unless you're their only hope, and you'd have to be pretty good to be the only one to come up with a program no other broker can do.  Also, broker shops have become very competitive with slowing sales.  If you can prove that you can meet a steady (and impressive) monthly goal, you're in a good bargaining position (over 50% of your fees).  Remember .. the broker has to make some money too, or there is no shop!  :)
279079
You need to obtain a state real estate license.
456781
Please don't go the "cheesy" route; IE: DITECH\n\n   Your business depends on a client base that is in need of housing certainly, but more important than that perhaps is,,, how active is the "Market" in your area?\n\n   Have you linked up/networked with any well established, possibly return customer, Realtors?\n\n   I enjoy investing in Real Estate, and/or at least constantly shopping it and any options for buying. I don't know the lattitudes you are able to offer as a Mortgage Broker however. Do you own the business? Is it already a well established business? Is it in a decent location?\n\n   Again, I don't know your allowable range of options within the framework of the business, but you might look into offering as many options to buyers as exist,,, IE: SHIP, etc. It may also serve you to offer a customer a referral to another type of lender once in awhile, depending on your ability to loan to them, or their abilities to get a loan.\n\n   Certainly you can do balloons and flyers, radio spots, TV, change the "CURB APPEAL" of your office, change the signing, advertise more extensively in the Yellow pages, hire some clown in a themed suit to stand outside,,,NOT,,,LOL.\n\n   Networking with other brokers and especially with Realtors, who in turn might recommend you to prospectives, might be the better way to go.\n\n   There is no fear that I can see, that the market is going to fall apart anytime soon,,,even with over escalation of prices,,,and no matter that, there isn't anymore land,,, per say.\n\nRev. Steven
321363
You mean strategies? You sound educated enough so must know someone on the inside. I mean someone who can negotiate a deal for you. If you have enough money try being the highest bidder.
250628
Since they've put the home up for sale, you need to act fast.  Go to the county recorder's office and file a lien against their home, which will come up when the title company starts the escrow proceedings.  You may also want to file a lis pendens, although you may have to file a claim in superior court first.  I'm in California, so I can't be sure of any of this.  It may be worth it to talk to an investigator about how to get all the necessary information on things other than the home.  The investigator can tell you if you need an attorney, or can recommend a paralegal who can help you if you file in pro per.  But you probably do need to file a lawsuit, because much of the assets involved can only be disclosed by a court order (at least here in California), and that means having a judgment, then an Order to Show Cause.  Colorado probably has something similar, but you can't count on the specifics.\n\nIf you don't want to pay for a lawyer, a paralegal or an investigator is essential.  They will tell you if you get in over their heads, and recommend a good, hopefully not too expensive, lawyer.\n\nGood luck, and do move fast!
1163546
Knowledge is power!!  Be good at what you do and they will be bidding on your services.  Education is the key!!!
399811
If you have to ask this Question then... Don't do it yourself! Among other things, California is  the leader in two potentially expensive realities: 1) Lots and lots of Real Estate Scam artists. & 2) Extensive mandatory disclosure requirements. Get a good and experienced Local Real Estate Agent. They sell homes for a living!!! They will guide you and keep you out of trouble and they will get your property sold for what it is worth. The cost of the real estate commision MORE than pays for itself when you consider the potential costs of litigation and other problems that you expose yourself to even long after your your home is sold. \nIf you're still not convinced, then think about this: Las Vegas attracts lots of gamblers thinking they'll win big, but the reality is that Las Vegas was built on the money of the people who thought they could do it but couldn't. \nGood luck!\nIf you're still intent on doing it yourself the answer to your question depends on what part of the state you're in. Northern Cal typicaly uses a title company to handle the closings. A real estate attorney can also do it although you're still going to probably deal with a title co. to provide the neccessary title product. In Southern Cal. an escrow company is more commonly used to handle the closings.
783770
My mom is a real estate agent, so I know a bit about this and hope I can help you out here.\n\nFrom what I've been able to observe with my mom, she knows A LOT (TONS!) about her clients' personal and financial business. It just comes with the territory, as the real estate agent is involved with selling their client's largest asset and often has to help with the mortgage financing and the escrow/title process.\n\nIf your husband's nephew just got his license, I think there's better reasons than financial privacy for not using him ... namely, you don't want someone who is that new and that green to be helping you with such a major financial transaction.\n\nIf you don't want to tell him you're not using him because you don't want him to know your financial business, you can just tell him that you want to go with someone more experienced for this major transaction of yours.\n\nGood luck!
60889
First you want to consult with your CPA or tax preparer over any possible tax consequence.\n\nOtherwise, you can buy a new home with the proceeds from the sale of your old just as if it were any other transaction.  You will still have closing costs as related to the escrow/attorney service and transfer fees and whatnot, but you wouldn't *have* to have a mortgage, provided you have enough money to buy it outright.\n\nOnce your house is sold, your escrow company will either provide you a check for the amount of sales price minus fees, or they can wire those funds directly to your bank account (for a fee, of course), or can wire those proceeds to the escrow company for your new purchase, if you've already selected one.\n\nMake sure you are up-front with your agent when buying a new home if you are buying it with the proceeds from your old one, that way he/she can add provisions to the contract in the event the house you're selling falls out.\n\nBetween advice from your tax preparer and your real estate agent, you should be okay.\n\nDon't forgit, an "all cash offer" is attractive to a prospective seller.  Use it to your benefit.
633465
The requirements vary by state.\nLook for your state's Real Estate Commission online. They can advise you what the requirements are in your state, and list the currently available schools.  These may be community colleges, or privately owned schools. There may be many ways to meet the requirements. Compare carefully.\n\nTexas requires several courses, the last time I checked California required only one class, if I remember correctly.
1115066
You have to be very careful when you have taxes and insurance in escrow. Taxes has to be paid. Contact someone in the customer service depart to see if they can help. Also, maybe they can give you an extension on your loan. Good luck. Credit history is very important.
1060311
You first would need to take some business courses, this will tell you all you need to know about opening this type of business, you will need to get a license, and pay through the nose.
1164354
Escrow is a legal arrangement whereby an asset (often money, but sometimes other property such as art, a deed of title, website, or software source code) is delivered to a third party (called an escrow agent) to be held in trust or otherwise pending a contingency or the fulfillment of a condition or conditions in a contract. Upon that event occurring, the escrow agent will deliver the asset to the proper recipient, otherwise the escrow agent is bound by his or her fiduciary duty to maintain the escrow account.\n\nNot all escrow agreements impose the duties of a legal trustee on the escrow agent, and, in fact, in many such agreements, escrow agents are held to a mere gross negligence standard and benefit from indemnity and hold harmless provisions.\n\nWhile escrow is best known in the context of real estate (specifically in mortgages where the mortgage company will establish an escrow account to pay property tax and insurance during the term of the mortgage), escrow companies are also commonly used in the transfer of high value personal and business property, like websites and businesses, and in relation to person-to-person remote auctions (eBay).\n\nEscrow is also known in the judicial context. So called escrow funds are commonly used to distribute the money after a cash settlement in a class action or environmental enforcement action. This way the defendant is not responsible for the distribution of judgment monies to the individual plaintiffs or the court-determined use (such as environmental remediation or mitigation). Defendant pays the total amount of the judgment (or settlement) to the court-administered or -appointed escrow fund, and the fund distributes the funds (often reimbursing its expenses from such the judgment funds).\n\nIn some jurisdictions, real estate brokers are considered to act as escrow agents when they accept deposits or earnest money for the purchase of real property. In many jurisdictions, the duties of such agents are codified.\n\nSoftware source code escrow agents hold source code in escrow just as other escrow companies hold cash.\n\nEscrow is also used in the field of Banking Equipment (such as Automatic Teller Machines - ATMs) and is the function which allows the machine to hold the money deposited by the customer separately, and in case he challenges the counting result his money is returned.
979807
How to become a mortgage broker is the easy part. I'm guessing you want to sell as a rep for a mortgage brokerage, not actually starting up your own brokerage. That being the case, you don't need any licenses like a realtor or insurance rep, just a great work ethic and an open mind. So actually,  "Anyone" that wants to start as a mortgage broker rep can walk in a brokerage and start selling the same day. There are MANY companies online that will alow you to broker for them and run the 1003 (loan apps) and deals through them. I would suggest getting some experience and training from a brick and morter company before trying this because they don't give you much training or support- you just pay them a flat fee. To be successful, you do need to know the lingo and walk the walk. Also, You can sell in any state that your brokerage is licensed in, so virtually you can sell anywhere in the US. Usually, if you have no industry experience, then a strong sales background is looked for when sales managers interview you. This is a 100% sales position. Be ready to make about 100-120 calls a day and don't look for a paycheck for a few months.  Along with a strong sales background, you need to also become a super networker  amoung your peers. Pick up a book or two about networking- I suggest "Networking with Millionaires" by Dr. Thomas Stanley. This career move takes time to see results,  however over time you can pick up momentum and really become a success. I hope this  helps. On a side note- If you are wanting to invest in real estate I would recomend being a real estate agent for a few years and leting you license run out. This way you get experience in the investing area and when you sell your properties you are released from the disclosure laws and don't have to list your property as "Owner-Agent". \n\n It sounds to me that you may fair better working part time as a realtor and working a day job until you pick up the experience you need for investing. The mortgage brokering is an entirely different bear. I had owned my own mortgage brokerage for several years and then left that to become a realtor. I now own my own investment company.\n\n I would be happy to answer anymore questions you may have in the real estate industry.
676035
There are several different ways of gong about getting educated to be a stock broker.  The best way would be to get a degree in finance and or economics at a university.  However, you don't actually need a degree to become a broker.  All you have to do is pass the NASD Series 7 and 66 exams to be one.  The test prep books that are sold for these exams cost a few hundred, but should suffice in getting you the license, but without a good education your effectiveness at giving advice will be a roll of the dice.