San Antonio, TX asked in Criminal Law, Banking, Stockbroker Fraud and Real Estate Law for Texas

Q: Can I use my checking account for providing Escrow Services? If not, how can I go about it?

A Company has recruited me as an Escrow Manager, but requires me to open a checking account to provide the Escrow Services.

The Company confirms that -

1) All payments will be in my name because according to the Escrow Service Agreements signed by our clients, they are paying me as a representative of our company (please see our sample Escrow Service Agreement).

2) All related fees, expenses and taxes are included in the incoming payments; they are covered by the clients, so I pay nothing out of my pocket.

I am interested in the job and I want to ensure that it is done legally.

1 Lawyer Answer
Tammy Lyn Wincott
Tammy Lyn Wincott
  • San Antonio, TX
  • Licensed in Texas

A: I think you should be very careful as this sounds like a typical scam. Do not use your personal checking account.

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.