Escrow Services
Reliable Title Partners
Secure & Reliable Escrow Services for a Smooth Real Estate Closing
Related Title Partners provides professional escrow services to protect buyers and sellers by securely holding funds and documents until all transaction conditions are met, ensuring a seamless and trustworthy closing process.
WHAT IS AN ESCROW SERVICE?
Escrow services act as a neutral third party in a real estate transaction, ensuring that funds and important documents are securely held until all conditions of the sale are met.
Related Title Partners manages an escrow account to protect both buyers and sellers, preventing funds from being released until all contractual obligations—such as inspections, title searches, and loan approvals—are fulfilled. This process provides security, transparency, and a smooth closing experience for all parties involved.
When are funds transferred from our escrow account?
Real estate funds are transferred from an escrow account at the time of closing, once all contractual conditions have been met. This includes:
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Completion of All Required Documents – All closing documents, including the deed and mortgage paperwork, must be properly signed and verified.
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Title Clearance – The title must be free of liens, disputes, or other encumbrances.
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Loan Approval & Funding – If the buyer is financing the purchase, the lender must approve and fund the loan.
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Final Review by the Escrow Agent – The escrow agent ensures all conditions of the purchase agreement have been satisfied before releasing funds.
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Transfer of Ownership – Once everything is verified, the escrow agent disburses funds to the appropriate parties, such as the seller, lender, and real estate agents, and officially records the property transfer.
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This secure process ensures a smooth and legally compliant real estate transaction.