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Updated about 5 years ago on . Most recent reply presented by

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Joseph Blum
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Experiences and Lessons of Escrow

Joseph Blum
Posted

So i understand different regions handle escrow somewhat differently, different customs and regulations.  I am interested in all input regardless of region.  Looking for experiences of what not to do in any circumstance, and what seemed to have worked well even under fire.

Buyers often prefer to have escrow w/title agent (especially in regions where title agents can only work for the buyer)

Sellers generally prefer to have their lawyer hold escrow if feasible.

With these general guidelines, what are the options/solutions if a buyer wants to use and keep escrow with a particular title agency but seller wishes to choose escrow agent and allow buyer to choose title company.  What factors would you consider?  What concessions would your request in kind but in lieu of escrow/title agent choice?  Interested in both opinions - buyer and seller.  Just trying to take into account ideas not previously tired, thought of, considered. 

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