The Mobile Home Park Lawyer Podcast
Business:Investing
In a neighborhood with no documentation of water and sewer lines, where the only hold back agreement will be your word, how do you know if the people who came before you did their plumbing right? In today’s episode, we will learn the importance of legal documentation as we discuss the pros and cons behind Escrow Holdback Agreements.
Our guest for today is Jonathan Gilmore. Jonathan is a real estate transactional attorney with over 12 years of experience, who is highly skilled in managing transactions involving land and buildings of every type and nature. Jonathan currently specializes in helping clients buy, sell, lease, finance, and raise capital for real estate deals in homebuilding, multi-family, manufactured housing and commercial real estate sectors.
Escrow Holdback Agreements are an important tool to protect buyers and sellers alike. However, they may sometimes confuse clients or delay the entire real estate closing process due to complicated legal clauses. This is why Jonathan emphasizes that if you are considering buying a property, you should know that there are certain legalities to consider.
Highlights of the episode:
00:00:38 Guest Intro : Jonathan Gilmore
00:01:10 What Is an Escrow Holdback Agreement?
00:05:30 Less Sophisticated Sellers
00:07:31 Closing Deliverable
00:10:00 Title Companies
00:12:35 Small Firm vs. Big Firm
00:15:45 Lender
00:18:00 What Happens if There’s a Fight?
00:20:00 Discussion of Rights
00:23:45 Assignability
00:24:59 Risks of Market and Supply Chain Change
00:29:00 Fire and Other Risks
00:36:40 Closing
Connecting with the Guest:
LinkedIn: https://www.linkedin.com/in/jonathan-e-gilmore-5a3651182/
Connecting with MHP Law:
Website: https://themobilehomelawyer.com/
Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069
LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/
Instagram: https://www.instagram.com/themhplawyer
#escrow
#agreements
#realestate
Ep. 187 | Interview with Chuck Schierbeck on Manufactured Mastery: Navigating Mobile Home Investments and Market Trends
Ep. 186 | Interview with Rachel Hernandez on Mobile Home Adventures: Investing, Wholesaling, and Sales
Ep. 185 | Interview with Victoria Cowart on the Do's and Don'ts Concerning Pet Screening
Ep. 184 | Interview with Douglas Raney on When and How to Amend A Contract
Ep. 183 | Interview with Pasha Esfandiary on Buying Parks Before They're All Gone and Buying With Scale
Ep. 182 | Interview with Nicholas Yale on Operating Hybrid RV and MH
Ep. 181 | Interview With Kirby Horton on Adding Value to Communities
Ep. 180 | Interview with Jason Postill & Tyler Lekas on How to Grow Quickly in a Target Market
Ep. 179 | Interview with Emma Norman on Mobile Home Park Loans and Real Estate Financing Strategies
Ep. 178 | Interview With Tim Woodbridge on Buying MHPs While Maintaining Happiness
Ep. 177 | Interview with Max Baker on How to Work With Brokers To Win More Deals
Ep. 176 | Interview with Jose Garcia on Working with Lonnie Dealers and Home Flippers in your MHP
Ep. 175 | Interview with Ben Braband on How to Acquire MHPs with a Strategic Approach Towards Growth
Ep. 174 | Interview with Shawn Dwyer on How to Get Started Buying MHPs While Working a W2 Job
Ep. 173 | Interview With Steve Case on How to Use Master Lease And Option to Buy Parks
Ep. 172 | Interview With Derek Vickers on Buying Parks With POH and Tips for Florida MHPs
Ep. 171 | Interview with Jason Janda on How to Avoid Mistakes During Diligence
Ep. 170 | Ferd Niemann on Pushing Back Against a City on Fair Housing Grounds
Ep. 169 | Ferd Niemann on How Ancillary Services Provide Value and Resident Satisfaction
Ep. 168 | Interview With Ken Schefler on Navigating The Current MHP Sales Market
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