Did you know that the Buyer ALWAYS get to pick Escrow and Title and if a Seller, Builder, Leander or Agent try to force the Buyer to use someone other than the Escrow or Title company of their choice that they are violating RESPA?
Point Escrow Tip of the Week!
The choice of which title insurer and escrow agent to use is up to you the BUYER. Under federal law, the Real Estate Settlement Procedures Act (RESPA), the seller, your real estate agent, or your mortgage lender cannot require you to buy title insurance from any particular company. You may also choose one company for escrow services and another company for title insurance.
If your seller insists you use a certain title or escrow company, or threatens to cancel the transaction if you use another company, he or she is violating RESPA. To find out more about RESPA, visit the U.S. Department of Housing and Urban Development (HUD) online at http://www.hud.gov/offices/hsg/sfh/res/respamor.cfm#CF or you may file a complaint with HUD or with DFI at www.dfi.wa.gov/consumers/complaint.htm.
With Point Escrow not only do your Buyer and Seller receive some of the most competitive fees in the industry, they also receive a FREE 1 Year Fidelity National Home Warranty
Since most people deal with escrow infrequently, the average consumer may not know what to expect when opening an escrow. Therefore, the principals in a real estate transaction place a significant amount of trust in the escrow holder. They need someone who will not only guide them through the escrow process, but be proactive on their behalf. Working with an independent escrow company and an experienced escrow officer is vital to the smooth flow and successful outcome of an escrow.
The staff at Point Escrow have a wealth of escrow experience, which is not theoretical, but based on the practical, day-to-day experience of closing numerous transactions. The staff are backed by an experienced Designated Escrow Officer and licensed attorney, who know not only the escrow business, but real estate law; bringing experience, strong management skills and leadership to each transaction.
The staff at Point Escrow does not just rely on their extensive industry knowledge. They continue their education in escrow and real estate, upgrading their skills and staying current with information necessary in the escrow business. In addition, the company follows progressive business practices and continually updates their software and equipment to provide the best service to clients.
Point Escrow is an independent escrow company. We are not owned by nor do we have any business interests in or with any title company. As an independent escrow company, we are a true neutral third party, and represent the most secure form of escrow holder. Our only business is escrow. It’s what we do and we do it Better than our competitors.