Notifications
Clear all

Ever thought about using escrow accounts? Here's a scenario...

193 Posts
188 Users
0 Reactions
4,355 Views
Posts: 11
(@cyclotourist385820)
Active Member
Joined:

Yeah, learned that lesson the hard way when refinancing a few years back. Everything seemed smooth until I noticed they'd misspelled my street name—just one letter off. Thought it was no big deal, but it ended up delaying closing by almost two weeks while they sorted it out. Now I always comb through every document myself, even if it feels tedious... better safe than sorry, right?


Reply
patriciablizzard442
Posts: 7
(@patriciablizzard442)
Active Member
Joined:

"Thought it was no big deal, but it ended up delaying closing by almost two weeks while they sorted it out."

Yeah, paperwork slip-ups can really throw a wrench into things. A couple years back, I had a similar headache when a title company mixed up lot numbers on a development project. Seemed minor at first, but it snowballed into zoning headaches and delays that cost me time and money. Now, I'm ruthless with document reviews—tedious or not, it's part of the business. Honestly, catching those small mistakes early saves you a world of trouble down the road. Good on you for being thorough; it's definitely worth the extra effort.


Reply
sandral50
Posts: 10
(@sandral50)
Active Member
Joined:

Had a similar experience refinancing last year—thought escrow would simplify things, but the lender missed a signature line on the escrow docs. Small oversight, but it delayed funding by nearly a week. Makes me wonder if escrow really streamlines the process or just adds another layer...


Reply
Posts: 8
(@karenanderson535)
Active Member
Joined:

Had a client run into something similar last month—everything seemed good to go, then escrow caught a minor typo in the legal description. Took days to sort out. Escrow can definitely smooth things out, but only if everyone's paying attention...


Reply
debbied83
Posts: 15
(@debbied83)
Active Member
Joined:

"Escrow can definitely smooth things out, but only if everyone's paying attention..."

Haha, ain't that the truth. When we bought our place, escrow caught a tiny discrepancy in the property lines—turned out our neighbor's fence was off by like two inches. Two inches! Took forever to sort out, but better safe than sorry, right? Hang in there...


Reply
Page 18 / 39
Share:
Scroll to Top