Excerpted from Real Estate ABC.com http://www.realestateabc.com/homeguide/Escrow.htm Why Use an Independent Escrow Company?
Most real estate transactions in the State of California utilize the services of an escrow company. Ironically, escrow remains one of the least understood elements of the real estate process. Because of this, buyers and sellers often place their faith in the real estate broker or lender to recommend an escrow company. What many consumers don’t realize, however, is that they are entrusting this escrow company to safeguard their funds being held in trust. In addition, it is the primary responsibility of the escrow holder to ensure that all of the necessary instructions in the real estate agreement are executed. The responsibility to protect the consumers’ interests should not be taken lightly. The escrow holder must remain impartial during the escrow period to ensure fair representation of all parties. It is crucial, then, that the broker, lender or consumer make a knowledgeable and informed decision in choosing an escrow company. “Licensed” vs. “Controlled” All escrow companies in Calif
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- Excerpted from Real Estate ABC.com http://www.realestateabc.com/homeguide/Escrow.htm Why Use an Independent Escrow Company?
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