Scary Escrow stories

An independent escrow company, regulated by the Department of Business Oversight

302 E. Rowland Street Covina, CA 91723 

What is Escrow? 

                             It is a process not a product

Escrow is the deposit of money and documents by two or more parties with a neutral third party that are held by the third party until certain conditions are met.

Parties To An Escrow  

The Principals 

  • Buyer and Seller in a sale (home, commercial, business)
  • Borrower and Lender in a refinance 
  • Lessor and Lessee in a lease or rental agreement 

other parties

  • Real estate agent or broker
  • Title officers
  • Lenders
  • Termite/Roofer/Electrician
  • Insurance agents
  • Homeowner’s Associations (HOAs) and their management companies
  • Attorneys
  • Government agencies for loans, taxes and tax liens

Types of Transactions

  • Mobile Homes
  • For Sale by Owner (FSBO)
  • Refinancing
  • Commercial properties
  • Asset purchases
  • Liquor license transfers
  • Real estate sales

10 things that SCARE Escrow 

  1. Statement of Information
  2. Liens – Child Support / Spousal Support
  3. Notary (not done properly) 
  4. Shortages 
  5. Judgements 
  6. Clouds on Title 
  7. Uninsured Deeds 
  8. Loan docs 5 min before closing
  9. Closing funds not in on time 
  10. Last minute credits 

ABOUT EASTLAND ESCROWS IN COVINA, CALIFORNIA

If you’re considering buying or selling a home, please consider calling Eastland Escrows, Inc. to manage the escrow account. We are an independent escrow company based in Covina, CA serving Southern California since 1973. With more than 100 years of combined experience, we pride ourselves in working like a dog on behalf of all our clients!  We have closed thousands of escrow transactions from real estate sales and refinances to business sales.

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