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The History Of Express Escrow
An
attorney, an officer with Union Bank and a realtor came up with the idea
for Express Escrow in 1975, shortly after the creation of the “Mobile home
Escrow Law”
by the State legislature.
The plan of these three men was to have their new company specialize in
mobile home escrows and be the best in the business.
Shortly thereafter they recruited a fourth partner to run the
company. The company
formerly opened for business on July 6, 1976.
Express Escrow does residential real estate, park
conversions, real property refinance escrows, but its niche has always
been manufactured home escrows.
To date it has processed over 130,000 manufactured home escrows
of all types.
The company has truly lived up to the ideals of its
founders. It is widely
regarded as the leading expert in its field of expertise.
It writes technical articles on complicated subjects for many
State associations. Some
enforcement agencies and Government Sponsored Enterprises have re-issued
particular articles within their own organization for training purposes.
As a civil service, Express Escrow has volunteered many hours of
time to assist consumers, lenders and enforcement agencies when it
appears a felony may have been committed and our technical assistance is
needed.
Despite being larger than the average size escrow
company, Express Escrow has always conducted all of its operations from
a single location; this allows closer control by management.
That single location serviced business from all over California.
Presently a large percentage of that business comes in from areas
too far to reach by car within an hour.
This fact recognizes that the “mobile home escrow law” is more
complicated than any other type of escrow and we have an excellent
reputation for doing it right.
In 2001 the employees became the sole owners of
Express Escrow. To our
knowledge, we are the only escrow agent in the State owned by all of its
employees. We are thankful
our original founders saw fit to reward their associates for their
dedication and commitment to excellence.
The
HUD Code preempted state mobile home construction laws and became
effective June 25, 1976.
To distinguish which homes were built to the stricter HUD
Code, HUD homes were called “manufactured homes.”
A decal on the rear of the home also gives notice if a
particular home is built to the HUD Code.
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