Can both parties use the same Settlement Agent?
It is possible but it’s a bad idea. Sometimes both parties are talked into using the same Settlement Agent, often by the Real Estate Agent, for a supposed reason like: you will each pay a lower fee if you use the same Settlement Agent, or the settlement will go through “more smoothly” if you both use the same agent. You may pay a lower fee, but only if no issues arise. If an issue arises you may pay a much higher fee, as explained below. And issues do arise on a substantial number of settlements. These issues are not usually serious … Continue reading Can both parties use the same Settlement Agent?
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