Escrow agents and how they protect themselves December 7, 2006
When you choose an escrow company (or “closing agent,” the person who does the work necessary to close the transaction), you look for several qualities: competence, service, location, etc. One factor you probably don’t consider is whether the escrow company is willing to be responsible for its own significant errors.
When escrow is opened, [...]
The Escrow Files: sometimes stuff happens September 19, 2006
When checks are late to the recipients, escrow tends to sweat. Now we know where this check ended up! Everyone started laughing when we received this 1/6th scale “lost” check in the plastic baggy from the post office. This was shreaded and after a few minutes of taping what [...]
Agents & Loan Officers to communicate regarding seller-paid closing costs September 7, 2006
(Editor’s note, Tim jumped the gun and posted this article by his wife, Lynlee, before I had a chance to set her up as an author. As soon as I have it set-up, I’ll give her the proper introduction.)
I’m writing this because of numerous problems I have encountered in regards to seller paid [...]
The Rockford Files leads to “The Escrow Files” September 1, 2006
For those of you who grew up in the 70’s, if you were like me and missed an episode of the Rockford Files, you were really bummed out. Missing the Rockford Files was almost as bad as my parents making me late for my soccer games. Not a good thing. Tivo, [...]
“Tiptoeing” through ethical minefields August 22, 2006
It’s getting a little warm in the kitchen of Real Estate
Two questions have been eating at me for some time.
First, one of the most difficult questions to answer deals with my own brethren in the escrow industry. Why is it that a traditionally transaction “neutral escrow company or service” only receives compensation if a [...]
