Who Determines The Escrow Company? Answer: The buyer or the buyer’s real estate agent usually chooses the escrow company. The seller can agree to the buyer’s selection or counter with another choice. Although the seller generally acquiesces to the buyer’s suggestion, the selection of the escrow company is negotiable. Who chooses the closing company? Each
What Is The Difference Between Southern California And Northern California In Reference To Escrow Accounts? In Southern California, escrow services are usually performed by independent escrow companies or financial institutions. In Northern California, the escrow services are usually performed by title insurance companies. The main difference is when the instructions are signed. What are the
Who Holds The Escrow Money When A Dispute Occurs? In the event a dispute arises over whether the earnest money should be returned (for example, if the seller argues that the buyer did not notify the seller in a timely manner of the intent to back out of the contract), the escrow holder will continue
Which Of The Following Would Typically Be Paid Through An Escrow Account? Escrow accounts are used to pay property taxes, insurance, and other charges. Your mortgage company usually creates the account for you. Your taxes and insurance are part of your monthly mortgage payment. These are placed in your escrow account. What is the escrow