jimbee
Thinks s/he gets paid by the post
- Joined
- Oct 11, 2010
- Messages
- 1,233
FINALLY got the check from the title company for the sale of my late Dad's house last year since it's been 12 months since he died (hard to believe!). They had to hold it in an escrow account due to some rule. On a quarter million dollars we got just north of $500 interest over 9 months. They just had to use the brick and mortar bank next door to them where short term CDs earn all of 0.2%. I'm sure there's "no collusion!"
At last I'll be able to write checks to the heirs for most of what's coming to them starting next week. It will be good to dump this part-time job called executor (although it paid fairly well as an RE gig).
Title insurance is a big scam. I see no reason for it.