04-09-2016, 10:50 AM
http://www.hawaiitribune-herald.com/news...hilo-lanes
"... Deitra Lopez (First American Title’s Hilo branch manager) sent me a formal letter saying there was a disagreement between the parties, and as escrow holder, we are going to step aside and either let you folks come to an agreement or it goes to a court decision. We said, ‘OK, everything’s fine.’
“Then, three days later, I get a letter at 5 o’clock that says my escrow has been canceled, just based on the seller’s reasoning. As far as I know, the escrow company can’t do that.”
Ironically, Deitra was our escrow officer (or whatever they are called) for a property we were selling. The buyer signed all the forms, we signed all the forms, and everything was due to be filed with the court first thing the next morning. Then the buyer called up Deitra and put a halt to the whole thing. We were surprised that was even an option. Signing the forms and making all the legal commitments apparently doesn't matter until the court clerk stamps them.
ETA: to make sense
"... Deitra Lopez (First American Title’s Hilo branch manager) sent me a formal letter saying there was a disagreement between the parties, and as escrow holder, we are going to step aside and either let you folks come to an agreement or it goes to a court decision. We said, ‘OK, everything’s fine.’
“Then, three days later, I get a letter at 5 o’clock that says my escrow has been canceled, just based on the seller’s reasoning. As far as I know, the escrow company can’t do that.”
Ironically, Deitra was our escrow officer (or whatever they are called) for a property we were selling. The buyer signed all the forms, we signed all the forms, and everything was due to be filed with the court first thing the next morning. Then the buyer called up Deitra and put a halt to the whole thing. We were surprised that was even an option. Signing the forms and making all the legal commitments apparently doesn't matter until the court clerk stamps them.
ETA: to make sense