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    iownit's Avatar
    iownit Posts: 1, Reputation: 1
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    #1

    Mar 26, 2007, 06:27 PM
    Relocation escrow account
    I need to set up a relocation escrow account in the los angeles area for a tenant that I am moving from my property so a family member can move in.

    I have called banks, and escrow companies and they have no idea what I am talking about

    Does anyone know where I can do this. I only have 1 week left??
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Mar 26, 2007, 06:42 PM
    Sorry but I have no idea of what you are talking about.

    You have a tenant, so I assume you are breaking his lease? And in return of him moving you are going to pay him a certain amount of money ?

    I would say that an attorney could be hired to hold the money in escrow, to pay the other party at the completion of the signed written agreement.
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