What is an Escrow?
People are always asking WHAT IS ESCROW?
ESCROW is a service which provides the public with means of protection in the handling of funds and documents. Escrow enables the buyer and seller to transact business with each other through a neutral party, thereby minimizing their risk.
In the escrow, all parties involved give their instructions (in writing) to this neutral intermediary, the “Escrow Holder,” whose duty is to assure that no funds or property will change hands until all terms have been carried to completion. If one of the entities as shown above, has not, will not, or cannot provide the documents/reports/funds required, the Escrow Holder is unable to consummate the transaction.
All of the following parties to an Escrow in Los Angeles go through an escrow office:
SELLING
AGENT
NEW
LENDER
TITLE
COMPANY
INSURANCE
AGENT
HOME
PROTECTION
COMPANY
TERMITE
COMPANY
HOME
OWNERS
ASSOCIATION
EXISTING
LENDER
LISTING
AGENT
SELLER
BUYER
If you are buying or selling real estate with me I have several very good escrow companies located locally in Santa Monica, Brentwood and on the westside of Los Angeles that you can use.
ESCROW is a service which provides the public with means of protection in the handling of funds and documents. Escrow enables the buyer and seller to transact business with each other through a neutral party, thereby minimizing their risk.
In the escrow, all parties involved give their instructions (in writing) to this neutral intermediary, the “Escrow Holder,” whose duty is to assure that no funds or property will change hands until all terms have been carried to completion. If one of the entities as shown above, has not, will not, or cannot provide the documents/reports/funds required, the Escrow Holder is unable to consummate the transaction.
All of the following parties to an Escrow in Los Angeles go through an escrow office:
SELLING
AGENT
NEW
LENDER
TITLE
COMPANY
INSURANCE
AGENT
HOME
PROTECTION
COMPANY
TERMITE
COMPANY
HOME
OWNERS
ASSOCIATION
EXISTING
LENDER
LISTING
AGENT
SELLER
BUYER
If you are buying or selling real estate with me I have several very good escrow companies located locally in Santa Monica, Brentwood and on the westside of Los Angeles that you can use.
posted by Simon at
2:03 PM
1 Comments:
Yeah there is this escrow company you should check out in the LA area. Its Bellflower Escrow Company, they have some of the lowest rates in California.You can get online quotes under their fee schedule page on www.bellflowerescrow.com
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