Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on . Most recent reply

User Stats

25
Posts
1
Votes
AL DURAN
  • Orange, CA
1
Votes |
25
Posts

TheEscrowProcess:No letterhead on Wiring Instrucs & more quests.

AL DURAN
  • Orange, CA
Posted

Hello Experience RE Investors & Proffessional

This is my first post, Im currently in escrow doing a cash deal. I have a few questions.

I went to  sign escrow docs about 2 weeks before closing escrow, I was never mailed doc(fed ex would hv bn good ) prior to signing. A meeting was set up for me to sign docs, and briefly read docs as I was signing, the wire instructions were included.

Just prior to wiring funds , there was a warning about wire fraud , and I noticed that no letter head was included with the wiring instructions. Escrow company would not Fed Ex me over night a doc with wiring instructions and their letter head, I was making purchase out of state so I couldn't drive to escrow company. 

Is it common for Escrow companies not to include letter head with wiring instructions? (Had to make special arrangements for them to accept a cashiers check with escrow acct info on check and got deposit slip from bank officer after verifying account with escrow company, I almost backed out of deal and it would have affected two other contingencies).

I have other questions in regarding the escrow process which I found unprofessional .

Loading replies...