Evee71 said:We have an offer accepted on a home we'd like to purchase in OC; however we noticed the listing agent and the escrow broker share the same office. Is this typical in OC?
Evee71 said:Isn't it not a neutral or third party if it's in house?
Evee71 said:Thanks. So even though they classify themselves as non independent, they have to act as if they are independent?
Liar Loan said:In my experience, this situation means the seller will get a break on escrow fees, while the buyer will be charged the full amount. I have benefited from this arrangement on multiple sales. One of my investment properties sales cost me nothing in escrow fees, which was great. The buyer paid it all without knowing.
Evee71 said:Ughh. Now i get why they insisted on using them. As a buyer, is there anything i can do to not pay all the escrow fees?
Liar Loan said:In my experience, this situation means the seller will get a break on escrow fees, while the buyer will be charged the full amount. I have benefited from this arrangement on multiple sales. One of my investment properties sales cost me nothing in escrow fees, which was great. The buyer paid it all without knowing.
Evee71 said:Ughh. Now i get why they insisted on using them. As a buyer, is there anything i can do to not pay all the escrow fees?
Liar Loan said:In my experience, this situation means the seller will get a break on escrow fees, while the buyer will be charged the full amount. I have benefited from this arrangement on multiple sales. One of my investment properties sales cost me nothing in escrow fees, which was great. The buyer paid it all without knowing.