Episode description

Closing on a home is one of the most dramatic events in a person’s life – and just like a theatre performance, there’s a whole lot of hustle taking place backstage.  On this episode of Open House, Reba and Eric draw back the curtain for a peek at the other side of the closing process, with Escrow officer Susan Berry.

You’ll get insight into:

·        The problems escrow encounters in transactions, and how they’re handled.

·        Some of the important failsafes escrow is required to follow when processing transactions.

·        Concerning shortcuts some escrow companies may take that imperil their clients’ identity, security and finances. 

·        The prime opportunities for scammers to attack, and the actions you and your agent can take to thwart their efforts.

·        Some of the warning signs that a title may not be clear on a listed home.

·        The complications arising come closing when agents are unfamiliar with county ordinances (ie septic systems in King and Pierce).

·        The roadblock that clearing a title can become in the event of a lien.

Plus a look at some of the seasonal changes in the housing market, tricks agents play to create a "feeding frenzy,"  and one particularly -strong- reason online home sales will never be a good idea.

It's a look behind the scenes at escrow, and you'll never see home closing the same way again, on this episode of Open House with Team Reba.

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