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County Clerk highlights changes to real estate closings

WBFO File Photo

Those who have purchased a home are familiar with the lengthy, paperwork-filled closing process. The Erie County Clerk says he's working to change that.

 As is so often true, those signings in the clerk's office were required by Albany. County Clerk Chris Jacobs says that changed two years ago and his office is one of the first in the state to shift the process so it can all be handled on-line, without a visit to Old County Hall. He says that will change his office since there are about 40 closings a day. Jacobs says the whole process will now be different.
                
"Mortgages, we've been ahead of the curve on that. We've been actually electronically recording and filing mortgages for well over a year now," Jacobs said.

"Now, since we couldn't do deeds, the only place you would see it was your bank when you were re-financing. That's been done. Now, we'll both be able to do deeds and mortgages."

Jacobs says it can be handled in a lawyer's office since most lawyers have escrow accounts to electronically process all those closing costs and the purchaser will then pay the lawyer those fees and the bill for the home purchase.
 

Mike Desmond is one of Western New York’s most experienced reporters, having spent nearly a half-century covering the region for newspapers, television stations and public radio. He has been with WBFO and its predecessor, WNED-AM, since 1988. As a reporter for WBFO, he has covered literally thousands of stories involving education, science, business, the environment and many other issues. Mike has been a long-time theater reviewer for a variety of publications and was formerly a part-time reporter for The New York Times.