The Docket: Agents Must Comply With Closing Instructions After Close of Escrow

September 7, 2010

A title company was sued for allegedly disbursing funds without disclosing a payment after escrow was closed and the deeds were recorded. Read on for analysis of the lawsuit and why escrow agents should be aware of potential liability for breach of closing instructions after escrow technically closes.

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SoftPro is the nation's leading provider of real estate closing and title insurance software. With more than 14,000 customer sites and over 60,000 users nationwide, this award-winning software offers a suite of products designed to increase your volume and revenue by reducing the time it takes to do closings. SoftPro has been recognized by the American Business Awards every year since 2007 - winning awards for Superior Customer Service, Support and Product Development. North American Title Insurance Company (NATIC) is a seasoned title insurance underwriter, helping title agents to achieve their individual business goals for more than 50 years. Today, the company conducts real estate settlement services in 39 states and the District of Columbia through a network of experienced, independent agents.