Powered by RealTown Blogs

Not all escrow officers are the same

Jun. 29, 2009

With my  web site, www.realestateutah.com, I get clients looking for properties all over Utah – from Flaming Gorge to St. George, and I travel all over the state to help people purchase and sell homes.  This involves working with many title companies.  Lately I feel I've been short-changed with title work.  A title is a title is a title, right?  Wrong!

 I've been going through a rough patch on a closing that happened at First American in December.  On its face, the closing seemed harmless enough.  Regular closing;  yeah.  Short sale;  yeah.  The closing officer ensuring all issues/documents were addressed at the closing table;  I thought so.  Apparently this was not the case.  The title officer didn’t address an unpaid water share assessment or tax assessment.  The buyers went back to the title company to seek reimbursement.  They found that First American wasn’t responsible under the “limitations of actions” codicil in section B. 

After much hounding by the buyers,  First American eventually did pay the tax.  However, there was a $1,700 water share bill which had been overlooked  the buyers unexpectedly had to pay. 

Of course, the buyers whom I represented, think that I dropped the ball.  I will feel pain, pain, pain forevermore.   

0 Comments | Post A Comment! | Permanent Link
View more entries tagged with: , , , , ,