Important Questions to ask your Escrow Company + Info & Resources

By
Real Estate Agent with Big Block Realty 858.232.8722 CA BRE# 01261476
https://activerain.com/droplet/Scj

 

Important Questions to ask your Escrow Company

 

#1 What are your credentials, licensing etc.?

Are they licensed by the Department of Corporations?

Are they bonded by one of the state bonding agencies?

Does each employee have their background checked by the Department of Justice (including photo and fingerprinting)

Do they handle Residential, REO, Short Sale, 1031 Exchange, Commercial, Relocation and Refinance transactions throughout the state of California? (or your state).

 

#2 How long have you been in business?

How about your escrow officers, how long have they been handling escrow transactions?

 

#3 Where are you located?

There is strength in numbers, do they have conveniently located offices in or near your transactions area? Do you provide mobile notary services in case signing off a deal requires after hours or to be done outside of escrows office?

 

#4 What are their fees?

Do they discount for first time buyers and military?

 

These and other questions are important to avoid minor issues like delays in transactions up to major problems like fraud! Your choice in escrow companies can make or break your escrow-process experience. They have a lot of cause & effect on closing on time!

 

Oh by the way, in the state of CA, it's the buyers' right to choose Title and Escrow companies. Here's an excerpt from California Civil Code Section 1103.22:

 

a) A seller of residential real property improved by four
or fewer dwelling units shall not require directly or indirectly, as
a condition of selling the property, that title insurance covering
the property or escrow service provided in connection with the sale
of the property be purchased by the buyer from a particular title
insurer or escrow agent. This section does not prohibit a buyer from
agreeing to accept the services of a title insurer or an escrow agent
recommended by the seller if written notice of the right to make an
independent selection of those services is first provided by the
seller to the buyer.

 

 

This right seems to be often overlooked by listing agents in So Cal Unless it will kill the deal, I always state on behalf of my buyers, their choice of title and escrow in their initial offer, so at least they know they have the option.

 

A great Notary Public in San Diego:

Linda L. Greene's Real Estate Services       DRE # 01322857

2655 Camino del Rio North Suite 450 San Diego, CA 92108                         Office: 619-686-5593 e-fax : 619-684-3526                                                email: Lin_Greene@ yahoo.com (underscore between Lin & Green)               Mobile phone: 619-933-6813 - for Notary Public Services                                 NNA Certified Mobile Notary Signing Agent

 

I enjoy great service and get great information from my Escrow & Title Office teams:

 

MEGAN OLIVA, ESCROW OFFICER at:

WEST COAST ESCROW

2655 CAMINO DEL RIO NORTH #301 SAN DIEGO, CA 92108

PHONE: 619-296-4500

FAX: 619-296-4501

 

&

 

Chrys Thomas @

Equity Title

chrys.thomas@equitytitle.com

2655 Camino Del Rio North, Suite 300 San Diego, Ca 92108

760-889-2295

Posted by

REALTOR®, CRS, RCS-D, CDPE, ePro, Certified:Military Home Specialist,

Certified: Luxury Home Specialist Podcast Host, Author & Keynote Speaker

POSTCARDS FROM SUCCESS

Brokered by Big Block Realty

Do You Know The Market Says Your Home is Worth?

CA-BRE# 01261476, since 1999  (My Team)

 "Oh by the way, I'm never too busy to serve you and your referrals to good people like you."

 mobile: 858-232-8722 / e-fax: 650-240-0717   

 www.ThomasJNelsonRealtor.com 

 Sunroad Corporate Center: 4445 Eastgate Mall l Suite 200 San Diego l CA 92121

RCS-DivorceSouthern California Chapter of Certified Residential Specialists (CRS)

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Disclaimer:  Nothing in this blog article is to be construed as legal advice, tax advice, medical advice or financial advice.  For legal advice see an attorney.   For tax advice, health or financial advice see a tax attorney, certified public accountant, or other qualified professional.
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Rainmaker
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Alan Kirkpatrick
Austin Texas Homes - Round Rock, TX
Alan in Austin

Thomas:

Very good post. It pays to research and know who you are working with. 

Oct 17, 2011 08:57 AM #1
Rainmaker
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Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL
Call the "CHAMPION" for all your real estate needs

Great post it does pay to research and know all the benefits of the companies we have on our team.

Oct 17, 2011 09:02 AM #2
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Rainmaker
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Thomas J. Nelson, Realtor e-Pro, CRS, RCS-D, Vets

& Host of Postcards From Success Podcast
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