{"id":242162,"date":"2024-05-03T04:00:28","date_gmt":"2024-05-03T04:00:28","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/?p=242162"},"modified":"2024-05-03T04:00:28","modified_gmt":"2024-05-03T04:00:28","slug":"can-i-change-the-escrow-company","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/can-i-change-the-escrow-company\/","title":{"rendered":"Can I change the escrow company?"},"content":{"rendered":"<p>The short answer is yes, you can change the escrow company handling your real estate transaction. While it is uncommon to switch escrow companies mid-process, there are circumstances where it may be necessary or advisable.<\/p>\n<p>Escrow companies play a crucial role in real estate transactions by acting as a neutral third party that holds funds and documents until all the terms of the sale are met. Changing the escrow company can have legal and financial implications, so it should not be taken lightly. Here are some common questions related to changing escrow companies:<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/can-i-change-the-escrow-company\/#1_What_is_an_escrow_company\" title=\"1. What is an escrow company?\">1. What is an escrow company?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/can-i-change-the-escrow-company\/#2_Why_would_I_want_to_change_the_escrow_company\" title=\"2. Why would I want to change the escrow company?\">2. Why would I want to change the escrow company?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/can-i-change-the-escrow-company\/#3_Is_it_common_to_switch_escrow_companies\" title=\"3. Is it common to switch escrow companies?\">3. Is it common to switch escrow companies?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/can-i-change-the-escrow-company\/#4_How_do_I_go_about_changing_the_escrow_company\" title=\"4. How do I go about changing the escrow company?\">4. How do I go about changing the escrow company?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/can-i-change-the-escrow-company\/#5_Will_changing_the_escrow_company_delay_the_closing_process\" title=\"5. Will changing the escrow company delay the closing process?\">5. Will changing the escrow company delay the closing process?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/can-i-change-the-escrow-company\/#6_Can_I_change_the_escrow_company_without_the_sellers_consent\" title=\"6. Can I change the escrow company without the seller&#8217;s consent?\">6. Can I change the escrow company without the seller&#8217;s consent?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/can-i-change-the-escrow-company\/#7_Are_there_any_fees_associated_with_changing_escrow_companies\" title=\"7. Are there any fees associated with changing escrow companies?\">7. Are there any fees associated with changing escrow companies?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/can-i-change-the-escrow-company\/#8_Can_I_choose_the_new_escrow_company_or_does_the_seller_have_a_say\" title=\"8. Can I choose the new escrow company, or does the seller have a say?\">8. Can I choose the new escrow company, or does the seller have a say?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/can-i-change-the-escrow-company\/#9_What_if_the_current_escrow_company_is_not_cooperating_or_fulfilling_their_duties\" title=\"9. What if the current escrow company is not cooperating or fulfilling their duties?\">9. What if the current escrow company is not cooperating or fulfilling their duties?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/can-i-change-the-escrow-company\/#10_Will_changing_the_escrow_company_affect_my_closing_costs\" title=\"10. Will changing the escrow company affect my closing costs?\">10. Will changing the escrow company affect my closing costs?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/can-i-change-the-escrow-company\/#11_Can_I_change_the_escrow_company_after_the_purchase_agreement_has_been_signed\" title=\"11. Can I change the escrow company after the purchase agreement has been signed?\">11. Can I change the escrow company after the purchase agreement has been signed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/can-i-change-the-escrow-company\/#12_What_should_I_consider_before_changing_the_escrow_company\" title=\"12. What should I consider before changing the escrow company?\">12. What should I consider before changing the escrow company?<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"1_What_is_an_escrow_company\"><\/span>1. What is an escrow company?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAn escrow company is a neutral third party that holds funds and important documents during a real estate transaction.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Why_would_I_want_to_change_the_escrow_company\"><\/span>2. Why would I want to change the escrow company?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThere could be various reasons for wanting to change the escrow company, such as poor communication, lack of transparency, or a better offer from a different company.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Is_it_common_to_switch_escrow_companies\"><\/span>3. Is it common to switch escrow companies?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIt is not common to switch escrow companies mid-process, but it can be done under certain circumstances.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_How_do_I_go_about_changing_the_escrow_company\"><\/span>4. How do I go about changing the escrow company?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nFirst, check your contract to see if it allows for changing escrow companies. Then, notify all parties involved in the transaction and follow the procedures outlined in the contract.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Will_changing_the_escrow_company_delay_the_closing_process\"><\/span>5. Will changing the escrow company delay the closing process?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIt is possible that changing the escrow company could delay the closing process, as it may take time to transfer funds and documents to the new company.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Can_I_change_the_escrow_company_without_the_sellers_consent\"><\/span>6. Can I change the escrow company without the seller&#8217;s consent?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIn most cases, both parties involved in the real estate transaction must agree to change the escrow company.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Are_there_any_fees_associated_with_changing_escrow_companies\"><\/span>7. Are there any fees associated with changing escrow companies?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThere may be fees associated with changing escrow companies, such as transfer fees or cancellation fees.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Can_I_choose_the_new_escrow_company_or_does_the_seller_have_a_say\"><\/span>8. Can I choose the new escrow company, or does the seller have a say?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYou can suggest a new escrow company, but ultimately, both parties involved in the transaction must agree on the new company.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_What_if_the_current_escrow_company_is_not_cooperating_or_fulfilling_their_duties\"><\/span>9. What if the current escrow company is not cooperating or fulfilling their duties?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf you are unhappy with the current escrow company&#8217;s performance, you may have grounds to request a change. Consult with your real estate agent or attorney for guidance.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Will_changing_the_escrow_company_affect_my_closing_costs\"><\/span>10. Will changing the escrow company affect my closing costs?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nChanging the escrow company could potentially affect your closing costs, as different companies may have different fees and charges.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_Can_I_change_the_escrow_company_after_the_purchase_agreement_has_been_signed\"><\/span>11. Can I change the escrow company after the purchase agreement has been signed?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIt is possible to change the escrow company after the purchase agreement has been signed, but it may require the consent of all parties involved.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_What_should_I_consider_before_changing_the_escrow_company\"><\/span>12. What should I consider before changing the escrow company?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nBefore changing the escrow company, consider the potential consequences, such as delays in the closing process, additional fees, and the impact on your relationship with the other parties involved in the transaction.<\/p>\n<p>In conclusion, while it is possible to change the escrow company handling your real estate transaction, it is not a decision to be made lightly. Consider all the factors involved and consult with your real estate agent or attorney before making a final decision.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The short answer is yes, you can change the escrow company handling your real estate transaction. While it is uncommon to switch escrow companies mid-process, there are circumstances where it may be necessary or advisable. Escrow companies play a crucial role in real estate transactions by acting as a neutral third party that holds funds &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Can I change the escrow company?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/can-i-change-the-escrow-company\/#more-242162\">Read more<span class=\"screen-reader-text\">Can I change the escrow company?<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-242162","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Can I change the escrow company?<\/title>\n<meta name=\"description\" content=\"The short answer is yes, you can change the escrow company handling your real estate transaction. 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