Are escrow companies normally used in Panama for property transactions?
Escrow services are relatively new to Panama, so Panamanians are not very familiar with the term “escrow”, although it is quickly becoming a standard for real estate transactions nationwide with more and more Panamanian realtors selling to foreigners who are accustomed to using escrow companies in property transactions. Panama Title & Escrow Inc. (www.panamatitle.com ) is one of the first escrow companies in Panama, duly registered at the Public Registry, and has been in operation for over two years now, handling hundreds of property transactions for clients all over the world.
