What About Cancellation?

No escrow is opened with the intention that it will cancel, but there are occasions when a contingency cannot be met or when the parties disagree during the transaction. Some escrow holders provide for such an event by incorporating an instruction in the typed or printed General Provisions. Ordinarily, an escrow holder will take the position that no funds on deposit can be refunded until the escrow holder is in receipt of mutual cancellation instructions, signed by the principals. The escrow holder cannot normally make a determination as to who is the “rightful” party in a dispute on a cancellation and therefore will not return the funds or documents until the principals agree; the escrow holder is not a judge. Do expect to be charged a cancellation fee, as this is a charge for professional services rendered and quite often for several “out of pocket” expenses that have been incurred on the client’s behalf. These fees can vary from company to company depending upon their policies. Sometimes, when a dispute exists, the escrow holder may be forced to allow a court to decide which party is entitled to what documents or funds; this is called an Interpleader Action. Fortunately, most disputes are resolved before the Interpleader is filed, as the costs for such legal actions are extreme. Those costs, incidentally, are normally paid out of the funds on deposit in the escrow.


Location

308 West Oak Avenue
Visalia CA  93291
View Map

Phone: (559) 733-1025
Fax: (559) 733-9002

Hours

Monday - Friday
8:00AM - 5:00PM

Payment Methods Accepted

Personal/Business Check
Cashier's Check
Money Order
Cash Accepted for Accommodations Only

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ANNOUNCEMENT:

Tulare County Escrow Co will not be taking any escrows as of January 1, 2018. We will be in our office finishing up our open files and when all is processed, we will be closing our doors.

Our business has always been unique as we were a family business and treated everyone that came into our doors as such. Our sister, Linda Reed, retired in 2011. After 39 years in this business, the other sister, Karen Niederreiter, will be retiring. The third sister, Leslie Silva, will be taking a "little part" of Tulare County Escrow with her as she starts working at Chicago Title Company in Visalia starting full time in February, 2018.

Mari Rippetoe will be working with Karen until all is processed and the audit is completed by the Department of Business Oversight.

This decision did not come lightly as Earl Parsons, Jr., our father, started this business in 1974. We believe he would be proud of how we followed in his footsteps and the decisions we have made.

Our thanks to you in the community that have used our Company. We appreciated assisting clients in the sale of their businesses, ABC License Transfers, Manufactured Homes, Home Sales and Refinances.

Any escrows that you would like to be opened with Leslie Silva can be done by emailing her assistant at kaytee.ferry@ctt.com.
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