When Do I Need Escrow Services?

Determine when you’ll need to start an escrow account.

Escrow services are available when one party needs to make funds, a deed, or another instrument available to another party upon completion of a particular condition or event. In short, your escrow officer is the middle man for a service that relies on the exchange of high valued items or high cost. This is especially essential to the home buying process!

When would I need escrow services?

Whether you’re the buyer, seller, lender, or borrower, you want the assurance that no funds or property will change hands until all of the instructions in the transaction have been followed. The escrow holder has the obligation to protect the funds and documents while they are in his or her possession. Then, the escrow holder will disburse funds and convey title only when all provisions of the escrow have been met.

Who chooses the escrow?

The selection of the escrow holder is normally done by agreement between the principles. If a real estate broker is involved in the transaction, the broker may recommend an escrow holder. However, it is the right of the principles to use an escrow holder who is experienced in handling the type of escrow at hand.

Are you in need of a quality escrow holder? Skip the search of finding the right escrow service for you. Escrow isn’t always straightforward, so it pays to have the experts on your side!

Be sure to contact Eastland Escrows for your ideal service. Our trusted escrow professionals serve Covina and the surrounding areas in California with excellent escrow services.

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