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Asker
Posted over 1 year ago.

Thank you for responding. so I spoke with an escrow company I found in google maps. they said that double escrow is prohibited in every escrow co. under the department of corporations. So under what circumstances is it legal?

Justin Drayton Graham
Justin Drayton Graham, Real Estate Attorney - Culver City, CA
Posted over 1 year ago.

I am not aware of any prohibition from the department of corporations. Double escrows can be illegal where, for example, they are being used to conceal information from a lender or other third party.

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Asker
Posted over 1 year ago.

ok thanks, so I guess I just have to hunt around a little more.