What We Do

The Escrow Process

Escrow is a service that provides the public with a means of protection in the handling of funds and documents. Escrow enables the buyer and the seller to transact business with each other through a neutral party, thereby minimizing their risk.

An escrow is the arrangement in which the neutral third party (the escrow holder) holds legal documents and funds on behalf of a buyer and seller and distributes them according to the buyer and seller instructions.

Using the escrow holder as a common depository, the buyer and seller can proceed simultaneously in providing funds, deeds, inspection reports, insurance information, and other required documents. Both parties give written instructions, the requirements of which must be met before the transaction is complete, to an experienced escrow officer. Lenders also specify their conditions for completing the loan process. Provided that the instructions are clear and mutually consistent, the escrow officer, as a limited agent for all parties, coordinates the closing process.