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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Escrow doesn't do any title research... Posted by Ward-CA- on May 29, 2003 at 10:06 PM In Reply to: Re: Researching Liens At The Courthouse posted by John Chan on May 29, 2003 at 2:45 PM : Thanks. : I was informed that when you successfully negotiate with seller on the deal, in this case, for my personal primary resisdence, then I can simply go open an excrow to transfer title subject to existing loans, I can also put a clause subject to "clean Title" if there is such a clause demand. After all,it is the escrow's job to make sure title is free & Clear so why do the homework when you know Escrow will under law have to do the job over again, : It will simply fall out of escrow if it's not a "clean" title right? It's my theory and not substantiated? Also, you're paying excrow over $1K so my guess is make them work for it right? =•=•=•=•=•=•=•=•=•=•=•= First of all it is NOT escrow’s responsibility to make sure title is free and clear. Where did you ever get that idea? Escrow is just a neutral third party that makes sure that the overt promises made between the buyer and seller in their purchase contract are kept, and that’s all. So unless the buyer and/or seller require a title report, none is going to be ordered by escrow. Your theory of how a deal goes together is way off. I’d strongly suggest you visit an escrow office and ask them how the process works. Go with an open mind and assume nothing in advance. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : Thanks. : : I was informed that when you successfully negotiate with seller on the deal, in this case, for my personal primary resisdence, then I can simply go open an excrow to transfer title subject to existing loans, I can also put a clause subject to "clean Title" if there is such a clause demand. After all,it is the escrow's job to make sure title is free & Clear so why do the homework when you know Escrow will under law have to do the job over again, : : It will simply fall out of escrow if it's not a "clean" title right? It's my theory and not substantiated? Also, you're paying excrow over $1K so my guess is make them work for it right? : =•=•=•=•=•=•=•=•=•=•=•= : First of all it is NOT escrow’s responsibility to make sure title is free and clear. Where did you ever get that idea? Escrow is just a neutral third party that makes sure that the overt promises made between the buyer and seller in their purchase contract are kept, and that’s all. So unless the buyer and/or seller require a title report, none is going to be ordered by escrow. : Your theory of how a deal goes together is way off. I’d strongly suggest you visit an escrow office and ask them how the process works. Go with an open mind and assume nothing in advance. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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