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* URGENT * DO YOU USE AN ESCROW COMPANY?
News from Vero Beach, FL that may help others. . .How many ways are there to express on both a professional as well as human level that you're thoroughly disgusted by someone's "poor" business practices? For me, it includes everything from "totally unacceptable" to "outright despicable" and plenty of other equally descriptive terms in between; all of which only begin to express what I'm actually feeling about a local escrow company. This company was used by many real estate companies in our immediate area, including several neighboring counties - specifically for the purpose of holding a customer's funds in "escrow" until a real estate transaction closed. Most of us would typically visualize that the very word "escrow" would mean "safe." Funds held in a safe place for a specific purpose and time. Even Webster's definition uses the term "in trust." Well, think again! Safe would definitely suggest that the funds would be there when needed or demanded. At this time we don't really know "the details" of what has happened - but we do know that a local escrow company has closed their doors and ceased operations. This escrow company was in business for over nine years and was one of three (3) companies owned/operated by a local real estate attorney, which included a Title company - and yes, ... more
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