Who chooses the Escrow and Title Company?
– The realty is, when buying a bank owned home they are “gives and takes”. One of the times that your buyer will need to be flexible about is that the bank will more than likely, choose the title and escrow companies. (The Listing Agent has NO say in this matter either – I have my favorite Escrow companies and Escrow officers too, so we are all in the same boat). This is due to the facts that have significant amounts of title work done during the Foreclosure process. ESCROW COPMANY CONTRACT INFORMAT ION COMES WITH THE SIGNED DOCUMENTS FROM THE SELLER. While you maybe anxious to send it the buyer’s deposit check to escrow, the Listing Agent MAY NOT HAVE this information prior to receiving the documents back from the bank. You will be notified when we are informed whom to use. Continued multiple and/or daily queens slow down the process for everyone involved. Please be considerate, we are all working towards the common goal of closing on the subject property. Time frames? Generally you w
