escrow is required to disburse funds within 72 hours of closing. Or so, I have been told by escrow officers. And, yes, they can disburse to a general accounting account and then their accounting department can disburse according to their corporate guidelines/terms. I believe this process holds true for independent escrows and title company escrows. The California Department of Business Oversight oversees escrow companies. I would think a complaint to this agency might light a fire under an escrow/title co. to disburse fees in a more timely matter. I can't imagine any escrow, be it independent or title company, wants a spotlight shined on them for scrutiny by any governmental agency. |