[WSBAPT] Escrow Firm Question

[Doug Owens]

Dear Rich, it seems to me that RCW 18.44.021 requires a Washington license for escrow services involving Washington real property unless some multistate licensing system exists and the director has approved that for this category of escrow officers.  Yours truly, Doug Owens
On May 22, 2017, at 10:38 AM, Rich McEntee <jrmcentee at gmail.com<mailto:jrmcentee at gmail.com>> wrote:

Hello all

I am working with a small private lender on a transaction for the purchase of a residential property in Seattle. The transaction has been referred to an escrow in CA called Bridgeport Services. Title is being insured by WFG Title. The lender has some concerns (as do I) related to what appears to be a small independent escrow. The seller and is realtor are unwilling to move the transaction to a local escrow. The lender is nervous about sending money to this unknown entity.

Has anyone dealt with this escrow before? If so, do you have an opinion about them?

Does anyone have suggestions for handling such a situation? Are CA escrows licensed and bonded? Would they have to be licensed to do business in WA? Would the title co get involved in this matter? We are simply trying gain comfort with this matter.

Thank you in advance.

Rich

Rich McEntee
McEntee Law Office
3800 Bridgeport Way W Ste A411
University Place, WA  98466
253.227.9894<tel:253.227.9894>
jrmcentee at gmail.com<mailto:jrmcentee at gmail.com>


IMPORTANT/CONFIDENTIAL: This e-mail message, and any attachments accompanying it,may contain confidential information, including information protected by attorney-client privilege. The information is intended only for the use of the intended recipient(s). Delivery of this message to anyone other than the intended recipient(s) is not intended to waive any privilege or otherwise detract from the confidentiality of the message. If you are not the intended recipient, or if this message has been addressed to you in error, do not read, disclose, reproduce, distribute, disseminate or otherwise use this transmission. Rather, please promptly notify the sender by reply e-mail, and then destroy all copies of the message and its attachments, if any.


Sent from my iPhone

_______________________________________________
WSBAPT mailing list
WSBAPT at lists.wsbarppt.com<mailto:WSBAPT at lists.wsbarppt.com>
http://mailman.fsr.com/mailman/listinfo/wsbapt

-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mailman.fsr.com/pipermail/wsbapt/attachments/20170522/a9706660/attachment.html>