I've been looking into escrow accounts lately (buying my first home, yay me), and I'm kinda stuck between going with a traditional bank or one of those independent escrow companies. Banks seem safer, you know, big institutions and all, but I've heard independent services are sometimes quicker and more flexible. Anyone have experience with either? Curious which you'd trust more and why.
Banks feel safer at first glance, but honestly, independent escrow services can be just as secure if they're reputable. I've used both, and here's my quick take:
- Banks are reliable but can be painfully slow with paperwork.
- Independent companies usually move faster, especially if there's an issue or last-minute change.
- Check reviews and licensing carefully—some independents are fantastic, others...not so much.
Bottom line, don't dismiss independents outright; just do your homework first.
