What is Escrow in Washington?
By Jo Olson, Retired - HOMEFRONT Realty @ LAKE Roosevelt
(HOMEFRONT Realty)
Washington State Real Estate Transaction How do you buy a home in Washington State? What does Escrow mean? How does a property change hands? What does closing mean? These are all questions that I explain to my new clients, whether they are buyers or sellers. Every state has their own type of loan processing/closing procedures. If you read any type of real estate news articles you might hear that lawyers process and close transactions in some areas of the county, that title companies process and close some in other areas but here is Washington 99% of the time Escrow Companies do the processing and closing of real estate transaction files. What is Escrow? Escrow is simply a Disinterested Third Party. I spend 3 years in California processing escrows for First American Title/Escr...
Comments
0