Escrow Agent

Escrow Agent

An escrow is a legal arrangement that ensures parties comply with their contract without any disagreements. The three parties of an escrow are a depositor, the escrow agent and the beneficiary. The legal definition of an escrow agent is "a person or entity holding documents and funds in a transfer of real property, acting for both parties pursuant to instructions." The depositor trusts the escrow agent with the money or property and allows the agent to hold these benefits until it can be released to the beneficiary. The escrow agent opens the escrow and gathers the preliminary report from the title department. She draws up seller and buyer escrow instructions and closing documents. She sends agents or clients buying or selling brochures. This agent also arranges for the preliminary report of the escrow to be sent to sellers, buyers, the loan agent and new lender. A statement is sent by the escrow agent to identify the seller or buyer if needed. She arranges warranty billing or contract that is to be deposited to escrow. Arrangements also include placing insurance coverage and billing into the escrow. Pick-up arrangements for loan documents and lenders and buyers funds are made by the escrow agent. The agent sends documents to the county's records office of the particular state.

Escrow Agent

Escrow Agent

Escrow Agent

Escrow Agent

Escrow Agent

Escrow Agent

Escrow Agent

Escrow Agent

Escrow Agent