REO sellers to pay for escrow?

[newcomer]

With the Choice of Escrow Bill AB957, under the new language, if an REO seller wants to try and direct choice of escrow, the seller will have to pay for the privilege.

Does anyone know what type of escrow/title fees the REO seller should be covering, or what else of escrow/title fees the REO buyer should pay for if the REO seller posts a requirement to use its direct choice of title/escrow company?

[UCGal]

REO is bank owned, right… so this is a way for the seller (bank) to insist on the bank’s services being used.

[UCGal]

REO is bank owned, right… so this is a way for the seller (bank) to insist on the bank’s services being used.

[UCGal]

REO is bank owned, right… so this is a way for the seller (bank) to insist on the bank’s services being used.

[UCGal]

REO is bank owned, right… so this is a way for the seller (bank) to insist on the bank’s services being used.

[UCGal]

REO is bank owned, right… so this is a way for the seller (bank) to insist on the bank’s services being used.

[SD Realtor]

I think it is a great bill. However as a buyer, if you want to gain a competitive edge over other buyers offering contracts for a particular property, you will want to LET the Seller select services AND not force the seller to pay for them. Perhaps when the market saturates more you can leverage this bill better.

Remember, tailoring your offer to the current market conditions will help you if you are eager to buy a property. Right now is not the time to buy if you want to leverage your position. Wait awhile until the market cools down.

[SD Realtor]

I think it is a great bill. However as a buyer, if you want to gain a competitive edge over other buyers offering contracts for a particular property, you will want to LET the Seller select services AND not force the seller to pay for them. Perhaps when the market saturates more you can leverage this bill better.

Remember, tailoring your offer to the current market conditions will help you if you are eager to buy a property. Right now is not the time to buy if you want to leverage your position. Wait awhile until the market cools down.

[SD Realtor]

I think it is a great bill. However as a buyer, if you want to gain a competitive edge over other buyers offering contracts for a particular property, you will want to LET the Seller select services AND not force the seller to pay for them. Perhaps when the market saturates more you can leverage this bill better.

Remember, tailoring your offer to the current market conditions will help you if you are eager to buy a property. Right now is not the time to buy if you want to leverage your position. Wait awhile until the market cools down.

[SD Realtor]

I think it is a great bill. However as a buyer, if you want to gain a competitive edge over other buyers offering contracts for a particular property, you will want to LET the Seller select services AND not force the seller to pay for them. Perhaps when the market saturates more you can leverage this bill better.

Remember, tailoring your offer to the current market conditions will help you if you are eager to buy a property. Right now is not the time to buy if you want to leverage your position. Wait awhile until the market cools down.

[SD Realtor]

I think it is a great bill. However as a buyer, if you want to gain a competitive edge over other buyers offering contracts for a particular property, you will want to LET the Seller select services AND not force the seller to pay for them. Perhaps when the market saturates more you can leverage this bill better.

Remember, tailoring your offer to the current market conditions will help you if you are eager to buy a property. Right now is not the time to buy if you want to leverage your position. Wait awhile until the market cools down.

[Author]

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