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Are escrow companies commonly used for property transactions?

April 26, 2017Commonly companies escrow Property transactions Used

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Are escrow companies commonly used for property transactions?

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In Panama, normally the down payments are NOT placed in escrow. This is why it is important to have an attorney represent you to be sure you are dealing with the rightful owner. The final payment can be placed in escrow through a bank. No other type of escrow companies are regulated in Panama.