Who Chooses The Title (escrow) Company In A Real Estate Transaction In Oregon? The Buyer Or The Seller…

According to the Oregon Association for Realtors (OAR) the answer is no one! According to a recent news and information letter sent out by OAR the Real Estate Settlement Procedures Act or “RESPA” does not dictate that either the buyer or seller chooses escrow. Rather the terms of the sale (reached through negotiating) dictate whom chooses a escrow/title company. RESPA was created in a attempt to help standardize real estate closing procedures (escrow) and in turn alleviate any confusion of the buyers or sellers regarding closing cost. So who chooses the title/escrow company in a real estate transaction? In a sense you do…

Visit me on the web: www.CentralOregonRealEstate-KyleHoak.com or www.SunriverNewsOnline.com Email: khoak@prunw.com Cell: 541-639-7760 Office: 541-593-1234 ex. 7037

2 Replies to “Who Chooses The Title (escrow) Company In A Real Estate Transaction In Oregon? The Buyer Or The Seller…”

Thesa Chambers, Principal Broker, ABR, CDPE says:

October 25, 2010 at 7:08 pm

found this on a google alert regarding Sunriver Real Estate – nicely done Kyle – there are also consequences if you force a title company – which does seem to be an issue with the bank owned and short sale listings out there – Escrow and title are negotiated –
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