When real estate loans are supposed to transfer but fail to enter escrow, it often occurs because the servicing company either went bankrupt or changed their terms; however, this situation is not necessarily negative as the loans are frequently paid off from the house sale.
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Real Estate Loans: Contract Transfers & Escrow Issues #shortsAdded:
Where this comes in, basically, is when I'm working with like real estate agents, and I work with like 500 plus, okay? They like all have my number. And it's because I'm looking at contracts and figuring out, you know, what is going to be able to be transferred. We have these loans that like where we were told they were going to transfer.
They're not in escrow because either the company that was doing the servicing either went bankrupt or they changed their terms.
Just different nuances, and you're like, "Where was that?" you know? So, that's all I got.
>> In that case, a lot of times they get paid off, which is not a bad thing. It's not a bad thing.
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