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Tuesday, October 11, 2011
Title/Escrow Agent Screws Up on Purchaser's Transaction
How a simple real estate transaction can go awry. Whenever money is involved, especially LARGE sums as in the sale or purchase of a home, make sure you conduct all "due diligence" and follow up with all parties involved to make sure the transaction has gone the way it should have and all funds applied and credited correctly with your mortgage lender and that the title or deed to your property (selling or buying side of the transaction) has conveyed and has been recorded correctly. Make sure you are using a reputable title or escrow company or agent who has been in business for many years so something like this does not happen to you!
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