On Jun 29, 8:14 pm, nowh...@[EMAIL PROTECTED]
wrote:
> KS <kd***t...@[EMAIL PROTECTED]
> wrote:
>
> >Our first escrow took 90 days - that was in the '80's. I felt like
> >going into a mental unit afterwards. But then I've heard the same from
> >the UK.
>
> That largely depends on whether there's a chain of buyers and how long
> that chain is. It also depends on the solicitors involved.
>
> When I bought my house, I put in the offer to purchase on 27 August
> 1999. Completion took place on 3 September 1999, and I moved in on 10
> September 1999.
> A total of 2 weeks.
That's very quick. Probably wouldn't happen here.
> Technically, the house was mine on the day of completion, but the
> vendors asked for another week because they couldn't move into their
> new place until then. Otherwise, it would have been a week.
>
> However, I did sit in the solicitors office and pressed him into
> making all the necessary phone calls to the Land Registry, the
> vendor's solicitor, the mortgage lenders, and the surveyor.
> The vendor's solicitor seemed to be either very lazy, or trying to
> spin it out as long as possible to charge more fees and she was really
> pissed off when my solicitor kept calling her to say that he'd
> finished everything on my side of the transaction and we were just
> waiting for her.
That is precisely what takes escrow 30-90 days here. We also found
out that the laws in each state are different. In California they
have "Escrow Officers". Here, they use attorneys. There are also some
old laws here in SC held over from Elizabeth I that have to do with
(what else?) property taxes. It's like the American Revolution just
happened yesterday, and we are still subjects. Technically. Almost.
KS
____
> Chimaera
|
