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What is the fee for the escrow service?

The escrow fee is normally based on the size and complexity of the transaction. Since there are so many types of escrows and every transaction is different there are no set fees. Usually the escrow fee is divided in accordance […]

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What fees must I pay at closing?

Fees and charges are controlled by many factors and depend largely upon the type of transaction and the terms of your agreement. However, there are certain charges which are considered to be normal. These would include fees charged by a […]

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What happens at the closing?

When instructions of all parties to the escrow have been carried out, the closing can take place. All outstanding funds are collected at this time and all costs must be paid. Title to the property, whether real or personal, will […]

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If I still have questions about the transaction, where can I go for answers?

If negotiations have been conducted through a real estate agent, that person, or his/her broker, should be your primary consultant.
The role as an independent agent prohibits the Escrow Officer from answering many of your questions. However, a knowledgeable Escrow Officer […]

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Can I get legal advice from the Escrow Officer?

An Escrow Officer is not a legal counselor and cannot give you legal advice. Remember, the purpose of escrow is to take and comply with instructions, to carry out the mutual agreement of the parties. The Escrow Officer must remain […]

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What types of transactions go through escrow?

Most contracts that involve the transfer, lease or financing of real or personal property can be placed in escrow. You may be involved in escrow not only when you buy or sell a home but also when you buy a […]

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Why do I need an Escrow?

Whether you are the buyer or the seller, you want assurance that no funds or property will change hands until all of the terms of the transaction have been completed with. With the increasing complexity of business, law and tax […]

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