This is only with regard to Bank Owned properties and will not effect the normal sellers of the world.  This bill will allow for the buyers of bank owned foreclosure properties to select the services of Title and Escrow.

Which in the usual world of the Seller Selecting Services, this changes the game.  The nexus of this bill might have been the "appearance of evil" portrayed when the Banks might have been able to have the rules bent in their favor by Title and Escrow.

The Bending has not been witnessed by The Paris911 Team at REMAX of Santa Clarita with the banks in which we represent.  The only issues that we have seen repeated have to do with the slow handling of the files within escrow and some liens being dropped.

But to counter these issues, the banks in which we work with, pay the liens when discovered and grant extensions without slapping the buyers with a Per Diem.

Will this change effect the ways that Title and Escrow companies advertise to the world?  Are they going to start to advertise this to Apartment building and rental communities???  Advertising to select their services to the Multitude of buyers of the world when they want to buy Foreclosures???

Should be interesting to watch the market change once again if this is approved by a vote.