Classic Settlements

This location is right across from Whole Foods, but this office used to be in the White Flint mall offices. There is free parking in the lot across from the building, but you must tell the lot attendant that you are going to Classic Settlements.
I am a realtor and have been using Classic Settlements for over 11 years because of one of their exceptional attorneys, David Pryal. David is super sharp and experienced, so he can often find solutions for any issues that might arise. He also is funny, which makes clients feel at ease when signing their paperwork.
David often comes to our office to teach agents about contract changes and legal updates. He’s the best, so I always recommend him to clients buying in Maryland or DC.
As far as the previous negative reviews go, those issues aren’t related to the settlement company. They have to do with the real estate agent. I have to say that Classic Settlements and their staff are extremely professional, and get things done on time.

I will give this company one star. We bought a very expensive townhouse (the listing agent was Brian Smith; his wife, Fang was our real estate agent). On the day of our moving in we learned from the neighbors that our new townhouse was in major fire and was even shown on CNN. On the disclosure form the seller/​listing agent maked that there were no permits pulled out for house reconstruction, however, the whole house was reconstructed after the fire. Now we need to hire another inspection to check for fire damages and have more expenses. Our previous home inspector found out that the whole attic is covered in white paint but due to the lies from the listing agent/​seller side he couldn’t identify right away that it was soot underneath the paint. So, now obviously the real estate agent, Fang disappeared and doesn’t reply to any of our emails. Her only response was «be happy with your house». Scam company with scammy employees. Think twice before hiring them. I would also advise to avoid dual agency since they cover each other and work in their own interest!

1^st impressions go along way, and this company proves they don’t care about your business. The agent was rude and had no concern to inform me (the customer) how settlement procedures occur.
Agents are far to busy and annoyed to work with their customer… good luck if you have to work with this organization. Expect them to wipe their feet all over you!

Sellers beware.
Classic Settlements will sit on your funds long after closing. When my funds were not wired within the first hour and a half after closing, I emailed them asking what the delay was. They actually told me that the person who does the wiring had gone to lunch right after closing and «should be back» soon to wire the funds. More time passed with no funds transferred. I emailed again and was told not to worry and that «funds will be wired today.» I repeat, TODAY.
Four hours after the settlement meeting, I finally received partial proceeds – a small sum. However, it took DAYS to get this company to transfer the rest of my money – the larger funds to pay off my two mortgages. When I asked (repeatedly) why these funds were not wired at the same time as the other funds, on the day of settlement, the response was not an answer to my question but rather a defensive, «There is no guarantee» that funds will be transferred on the day of settlement. I responded asking for a real answer and got nothing. No reply at all. I asked several times over the next couple days why this was never communicated to me in all the conversations we’d had in the six weeks prior to closing. No answer. To this day, my questions to Classic Settlements have gone unanswered.
I’ve sold seven other homes in my adult life and have always received funds at settlement (or at least before end of day).
But if you use Classic Settlements in Rockville, you will have to wait – without explanation nor warning, even if they tell you «funds will be wired today.» Classic Settlements has obviously invoked a scheme where they sit on the seller’s funds a few extra days, while the seller pays that interest, and Classic Settlements EARNS interest – on the seller’s funds! Long after the buyer has moved in! Shocking.
Yup, their behavior is egregious and unethical. As a result, there are now tensions between the buying and selling agents, and the buyer and seller – all ruined by Classic Settlements’ bad behavior. Closing is stressful enough — but to be subjected to this kind of theft by the title company itself is shocking. It should be illegal.
If you want a settlement company that operates under ethical standards and handles your settlement with professionalism, stay far, far away from Classic Settlements of Rockville. This has never happened to me before, and I consider it theft.