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What is an Escrow?

escrow
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What is an Escrow?

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Buying or selling a home, or any real property, involves large sums of money and the coordination of many complex documents and services. Escrow steps in as a neutral third party to safeguard the money and documents and enable the transaction to function smoothly. For more information, contact Siskiyou County Title Company.

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Buying or selling a home (or other piece of real property)usually involves the transfer of large sums of money. It is imperative that the transfer of these funds and related documents from one party to another be handled in a neutral, secure and knowledgeable manner. For the protection of buyer, seller and lender, the escrow process was developed. For more information, contact Yosemite Tite Company.

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An escrow is an arrangement where a neutral third party holds the funds and documents that change hands during the home selling and buying process. An escrow officer sees that items in the purchase contract are carried out and appropriate parties are paid.

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