Posted by The Frisco Kid on April 20, 2006 at 21:51:10:
The question was how to stop the foreclosure and turn this deal into a single sale transaction to avoid more taxes. How does turning over a check to an escrow agent speed things up, yes escrow can be opened for the transaction but getting the trustee sale stopped was the main concern and by curing that situation in a timely manner it would solve the problem. Time was running short and for an escrow agent to open escrow and send a check to the lender, and to the right department, etc and have them stop the sale in time is a risk I wouldn’t take. If I were the poster I would have shown up with a cashiers check and handed it directly to the right party and gotten a reciept.
And in my opinion being a Realtor for a short time does little to impress me. I was a Realtor, not an associate, for 40 years and met a ton of dummies with several years under their belt, you know the type, one years experience, if lucky. repeated multiple times.