Posted by Michael Daniel on July 07, 2009 at 18:16:21:
In Reply to: Re: Why complicate a simple deal? posted by Rick, the Probate Guy on June 24, 2009 at 22:47:13:
And this is correct, there really is no deal. The seller already thinks that having a trustee hold title is "weird."
In a case like this I just don't understand how the service of an escrow agent can be justified. Ok, a $10 deed can be prepared and handed to the buyer, then the money that the agent is holding is then handed to the seller. And this costs roughly $175, not including the recording fee or insurance??
Either this is robbery or these people have some strange policies where they must process a bunch of other paperwork which would otherwise be unnecessary in a simple private contract.