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Updated over 7 years ago,

User Stats

25
Posts
1
Votes
AL DURAN
  • Orange, CA
1
Votes |
25
Posts

TheEscrowProcess:No letterhead on Wiring Instrucs & more quests.

AL DURAN
  • Orange, CA
Posted

Hello Experience RE Investors & Proffessional

This is my first post, Im currently in escrow doing a cash deal. I have a few questions.

I went to  sign escrow docs about 2 weeks before closing escrow, I was never mailed doc(fed ex would hv bn good ) prior to signing. A meeting was set up for me to sign docs, and briefly read docs as I was signing, the wire instructions were included.

Just prior to wiring funds , there was a warning about wire fraud , and I noticed that no letter head was included with the wiring instructions. Escrow company would not Fed Ex me over night a doc with wiring instructions and their letter head, I was making purchase out of state so I couldn't drive to escrow company. 

Is it common for Escrow companies not to include letter head with wiring instructions? (Had to make special arrangements for them to accept a cashiers check with escrow acct info on check and got deposit slip from bank officer after verifying account with escrow company, I almost backed out of deal and it would have affected two other contingencies).

I have other questions in regarding the escrow process which I found unprofessional .

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