Originally Posted by Josh M
Do you know why WA has a seperate title and escrow company? I mean I know that it is to prevent fraud, however the only states that have seperate title and escrow companies are CA, WA, NY, and I believe TX? At least in WA the title and escrow company are usually the same company just a different dept..............in CA, its a lot of the time a whole seperate company
Yeah, I definitely know the qualms that title companies have and honestly they do the most work of anyone in this field. However, just small stuff like not having the HUD ready even at the closing is just really annoying...........or when they dont' cut checks to the different payoffs in time and then appraisers or whatever come knocking on our door thinking its our fault they aren't paid yet when we have no control over the dispursement of funds.
Funds can only be dispursed from escrow once the deed has been recorded with the respective county...which is what my job is.
It's definitely a domino effect. Everyone ties into it and has their thing to bitch about.