A True Story from Debra Leatham>
At a recent closing where I represented the Buyer, who lived in the San Diego area, he had to sign his escrow documents via a Signing Service chosen by the Title Company.
After signing his documents mid-morning on a Monday, he took the wire instructions to his bank, Wells Fargo, just before 5:00.
Both the Teller and my Buyer double checked the wire instructions and the bank form. The Teller guaranteed that the wire would go out first thing in the morning and should be at US Bank, the Title Company bank, by noon. This would facilitate a Tuesday closing as his documents should have been back to Escrow on Tuesday morning.
When the wire did not show up by noon, no-one but me, seemed concerned. The transfer from…