Julie's Escrow Blog

Ken Perry with Broker Knowledge Group has New Video Blogs! If you have the opportunity to listen to this guy teach live, sign up.  He has tons of enthusiasm and has a unique teaching style that I really enjoy.   In the meanwhile, Sign up to receive his new video blogs here . You can thank me late...

What is a Subescrow & why is it needed in this transaction? You have a favorite escrow officer and she works at an independant escrow company.   She knows you and how you like to do business, you know her and appreciate her ability to organize the transaction and keep all parties informed along t...

MERS has a valuable website for obtaining loan servicing information.  You can use the property address and find out just who services the loan for your property.   I use this website pretty often to confirm who services an existing loan.  Rarely does my title report reflect current lender inform...

Link, link, who has the link?  I have alot of great links both on my website and on my Fan Page.  Go ahead and sign up as a Fan, I have plenty of room for you and I promise you interesting, relevant content!  Do you know of someone who needs their credit cleaned up?  I have a link for that. Are y...

Are you wondering when your Trustees Sale date is really scheduled?  Depending on who the acting Trustee is, you may be able to find this information on line.  On one of my current escrows, the Trustee is "ReconTrust" and their website gives you all of this information on line. Northwest Trustee ...

Do You Know Who is Closing Your Bank Owned Sale? More and more out of state escrows are jumping in to close the sales of REO's due to arrangements with the banks.Be sure that the individual is either:1)  A licensed escrow officer in Washington State2)  An escrow closer working for a title company...

Listing Agents:  You can save your sellers hundreds of dollars when paying off an FHA loan by making sure that their closing is scheduled for the 3rd week of the month.You see, FHA has language in their Notes that says "Borrower has the right to pay the debt evidenced by this Note, in whole or i...

Although the Collect Funds Law has been around Washington State for a number of years, I still get alot of pushback from customers trying to save a few bucks by not wiring their funds to closing. Because of all the fraud that exists, many companies will not close a real estate transaction without...

Can Vacation Time Affect RESPA's 10% Tolerance and Cause a Delay? You bet it can!  Here are some tips to prevent your transaction from going over the 10% tolerance.  It doesn't take much to push a loan over this tolerance, but by asking your customer some questions early in the process and sharin...

Are Prepaid Items Considered Closing Costs? Have you noticed that the Northwest Multiple Listing Service changed the Financing Addendum and took out the words "including prepaids" from the Loan Costs Provision paragraph?   The question is whether or not the seller intended for the credit to be ap...