Sales up, pricing down

[Kapohocat]

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Originally posted by Orchidlandguy I hope you should know that all real estate transactions have to legally go thorough title and escrow and can stil be cash sales. or maybe this is just another one of your "jokes"?

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We did use an escrow company's attorney to write up the contract and hold money but we weren't required to. We also could have done the deed transfer ourselves if we felt comfortable with it. This did change on 7/1/2010.

A new Hawaii law (effective July 1, 2010) requires that any settlement/closing/escrow for any property in the State of Hawaii be handled by a licensed Hawaii escrow company.

Escrow company lobby? Previously if you and I wanted to we could do it ourselves, or even have our two attorneys work it out. The escrow lobby made it so now it requires one of the escrow companies to do it. (Nothing like job security!)

I am not going to argue the pluses of having them do it but it is again like the owner/builder versus general contractor. All these groups build in their own job security to protect us from ourselves? I like a choice.