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What if I am doing a cash transaction and not requiring any title insurance, just basic escrow services?

April 26, 2017BASIC cash doing escrow Insurance requiring Services title transaction

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What if I am doing a cash transaction and not requiring any title insurance, just basic escrow services?

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Anyone offering “escrow only” services should be separately bonded and insured against loss. Title agents handling escrow only are now required in the state of Ohio to carry a bond that covers the loss of funds during a transaction they are handling for you. It is OK to ask for proof before you place your money in their escrow account. REMEMBER: GET EDUCATED FIRST.