In residential sale escrow, the principals to the escrow, namely the buyer and the seller or property owner, cause escrow instructions to be signed and delivered to a neutral third party – the escrow company. Documents and funds are deposited with the escrow company or officer with specific instructions as to how they should be disbursed, thus allowing both parties to minimize their risk.
The escrow officer ensures that no funds or property will change hands until all instructions have been carried out. The escrow officer will process the escrow, in accordance with the escrow instructions, and when all conditions required in the escrow are met or achieved, the escrow will be “closed”.
A residential sale escrow requires the most up-to-date knowledge and experience with CAR contract forms and the timelines, disclosures and ancillary services associated with it.
At Southwest Escrow Corporation, our flat fee pricing means that there is one fee and there are no hidden, unexpected fees for mail, delivery, handling funds, obtaining insurance or inspections or typing documents. Our fee covers the entire escrow service.
For more information on how we can help you in your next transaction, you may call us at 310-674-7660.