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Tag: utilities

Utilities: Avoid post-closing disputes

One of the functions of escrow is to pay lienable utilites. Lienable. There is a large segment of the real estate community that interprets that to mean all utilitites. It does not mean all utilities. In addition, escrow firms do not have access to seller’s account information. Sellers and/or [...]

Posted: September 29th, 2007 under General Real Estate.
Tags: , , , ,
Comments: 1

A Power Grab

Something we’ve always done with our client’s contracts is to make sure that a NWMLS Form 22K is used to help facilitate closing out utilities at the closing of the transaction. Why, you may ask? Doesn’t the seller have to change it over and the buyer has to put the utility in their name? [...]

Posted: July 1st, 2007 under Buyer Information.
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Comments: 2