What Is Escrow?

An escrow is a deposit of funds, a deed or other instrument by one party for the delivery to another party with the completion of a specific condition.  Your Escrow Officer is a neutral third party that protects the interests of all other parties to the transaction.


Why Do I Need An Escrow?

Escrow will provide you with a guarantee that no funds or property will change hands until all terms of the contract have been satisfied.

What your Escrow Officer does for you:

  • Receives and holds all funds for disbursement upon closing

  • Manages the funds and or documents in accordance with instructions

  • Pays all bills as authorized and disburses funds as authorized such as recording fees, payoffs, seller proceeds, etc.

  • Responds to requests from the principals and communicates to all parties

  • Closes the escrow only when all terms and conditions have been met