Just about everyone is paranoid about identity theft these days, including Boise home sellers.
I’m routinely asked, by escrow officers, to provide my seller’s loan number and social security number to facilitate ordering the seller’s mortgage loan payoff prior to closing.
My business policy, out of an abundance of caution, is to never possess that information.
Instead, I instruct the escrow officer to contact my seller and obtain the information directly from them.
Because I never want to be in possession of that information.
It’s personal, confidential, and I have no need to know it.
This practice runs counter to typical escrow processing, but I think it’s the right way to do it.
Is this any way to run a real estate business?
My thousands of delighted past clients appreciate the fact that I do not disclose their confidential personal information.