Home Buying in Chicago>Question Details

Alison Hillm…, Other/Just Looking in San Francisco, CA

Can escrow papers be signed at the realtor's office or at the buyer's home? I thought papers must be signed at the title company.

Asked by Alison Hillman, San Francisco, CA Fri Feb 15, 2013

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Philip Sencer’s answer
This is a legal question and attorneys do not respond on this site. It sort of depends onthe type of transactiona nd what state you are referring to. My web site has some attorney references.
1 vote Thank Flag Link Fri Feb 15, 2013
BEST ANSWER
Hi Alison,

Normally, yes they are signed at the title company. That said depending on how your transaction is set up if you can get your docs pre signed either via power of attorney (POA) or notarized, again why has a lot to do with it.

Hope this helps.
1 vote Thank Flag Link Fri Feb 15, 2013
Alison,

You are in California your law may very from ours in Illinois. For example here in Illinois let's say the property never makes it to close. In order to release the earnest monies back to appropriate parties the release of escrow form must be signed be all parties including managing broker. This does not happen at a tittle company. In some situation sometimes the attorneys do get involved if a dispute occurs to why the property didn't close. For the most part once the paper work is complete the selling managing brokers returns the funds.
1 vote Thank Flag Link Sun Feb 17, 2013
99% of the time, closing are done at a title company. It is all over in an hour or two, since we do not have escow type closings.
0 votes Thank Flag Link Sat Feb 16, 2013
As others have said -- the papers can be signed anywhere. At least here in Illinois. And not all the parties have to be at the same place at the same time. Who ever is acting as the closing agent must follow the lenders closing instructions. That is also presuming there is a lender.

The closer must also follow the rules and procedures of the representative title company. Assuming there is title insurance policy being issued. There may be also two different closers in two different cities. There was a time when re-finances were closed at the dining room table.
0 votes Thank Flag Link Fri Feb 15, 2013
Greetings Al - I am a lender and we still close all of our refinances at the Dining Room Table. Our Title company goes to the borrower's home,work, coffee shop, etc.
Flag Sat Feb 16, 2013
They can be signed anywhere as long as the proper parties are present.
0 votes Thank Flag Link Fri Feb 15, 2013
We close sales at our office all the time through our affiliated title company. It's a benefit offered to Koenig & Strey clients. Much easier and less expensive than going to a title company in downtown Chicago.
0 votes Thank Flag Link Fri Feb 15, 2013
Alison,

Is this for a transaction in Illinios? Your profile has you in San Francisco, CA. Typically, they are done at the title company. Is there a loan involved?

Best regards,

Ivan Sagel
312.515.7823
Ivan@atproperties.com
0 votes Thank Flag Link Fri Feb 15, 2013
It depends, if your attorney arranges it that way, it can be.
0 votes Thank Flag Link Fri Feb 15, 2013
You can sign them in a phone booth (if there still are any out there) as long as there is a notary to witness and sign they were there to see you sign them.
0 votes Thank Flag Link Fri Feb 15, 2013
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