Striving to Exceed Our Customer's Expectations!
|
Striving to Exceed Our Customer's Expectations!
|
|
|
es.crow \ ‘es.kro \ n : deposit to be delivered upon fulfillment of a condition ESCROW – HOW DOES IT WORK ? The principals in the transaction – buyer, seller, lender or borrower – cause written instructions to be created, signed and delivered to the escrow officer. If a realtor is involved, he (or she) will typically provide the escrow officer with the information needed to prepare the escrow instructions and any pertinent documentation. The escrow officer will process the escrow in accordance with those instructions and, when all conditions have been met, will “close” the escrow; that is to record the documents and disburse the funds. The duties of the escrow officer include (but are not limited to) the following: compliance with the written instructions of the principals to the transaction in a timely manner; handling the funds and/or documents in accordance with those written instructions; paying all bills and demands as authorized; responding to authorized requests from the principals; closing the escrow only when all terms and conditions have been met; distributing the funds in accordance with instructions and finally, providing the closing or settlement statement. Each escrow, although somewhat similar in pattern, will be separate and unique in various aspects as it deals with YOU and YOUR property and the terms and conditions to which you have agreed. |
[ Home Page ] [ How Does it Work ] [ Products ] [ Services ]
Send mail to
Webmaster
with questions or
comments about this web site.
|
check
email