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What is an Escrow?

Escrow holds legal documentation and funds on behalf of a buyer and seller, and borrowers. It is a neutral third party.  The escrow officer works closely with you, your realtor and lender to assure that the sale conditions are complied within the time period called for in the Purchase Agreement, if a sale. Escrow is bound by law to notify both parties if the instructions given are not mutually consistent or cannot be carried out. These instructions are drawn by the Escrow Officer, and signed by the principals.

What is an Escrow Account?                                      

An escrow account is a fund that your lender establishes in order for the lender to pay property taxes and hazard insurance as they become due on your home during the year for the duration of the loan. In this way, the lender uses the escrow account to guard its investment in your home. 

How Do I Open Escrow?

Easily open a REFI, SALE, or Bulk Sale Escrow with us online, call us at 562-987-2547 or fax us at 562-987-2548.

What is an Escrow Officer?

An escrow officer (escrow agent in some states), is one who has, through experience and education, gained a certain degree of expertise in escrow matters. They are to be a neutral 3rd party. They cannot give legal advice.

Who Chooses the Escrow Office?

Laws about choosing an escrow agent are different from state to state. Sometimes the buyer decides and sometimes it’s the seller who chooses whom it will be. This decision should be made early in the buying process as the money should be put up immediately.

How Do I Choose an Escrow Office?

If the Escrow Office is your choice, choose A-List for all your Escrow need. If a real estate broker is involved in the transaction, the broker may recommend a title company or escrow officer. IT IS THE RIGHT OF THE PRINCIPALS to use an escrow officer who is competent and who is experienced in handling the type of escrow at hand. Don't settle! Be an active part of the choice and know who is being chosen and WHY. Are they affilitated? Independent? Know the difference. Make sure the officer is someone reliable enough to be in charge of the money in the escrow account and has the ability to get the escrow closed on time.

Why Do I Need an Escrow?

Whether you are 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 title company and the escrow officer have the obligation to safeguard the funds and/or documents while they are in the possession of the escrow office, and to disburse funds and/or convey title only when all provisions of the escrow have been met.

What is the Escrow Process?

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