Easy-Escrow™ Services Overview
Escrow services reduce the potential risk of fraud by acting as a trusted third party in a transaction. 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 escrow holder has the obligation to safeguard the funds and/or documents while they are in the possession of the escrow holder, and to disburse funds and/or convey title only when all provisions of the escrow have been complied with.
Real-Estate Escrow
Property transactions are risk-free for both sellers and buyers, as money is held in escrow and disbursed as per the joint instructions of the buyer and seller, be it at transfer of property or as agreed over the course of the transaction.
Trade Escrow
A service for trade transactions exceeding US25,000, a trade escrow ensures payment upon completion of work or as agreed upon by the buyer/seller, as the buyer deposits the transaction amount in escrow before the work/delivery is commenced.
International Escrow
For individuals and companies that import/export internationally, an international escrow agreement reduces the hassle and cost of an L/C. An international escrow can provide an additional measure of security by releasing payment upon receipt of goods, or as agreed upon by the buyer/seller.
Joint-Order Escrow
For more complex transactions, where there are multiple parties involved, a joint-order escrow allows complicated transactions of money and documentation to and from the parties involved based upon the joint instructions of all the parties involved.
how it works
The principals to the escrow – buyer, seller, lender, borrower – cause escrow instructions, in writing, to be created, signed and delivered to the escrow holder.
The escrow holder will process the escrow, in accordance with the escrow instructions, and when all conditions required in the escrow can be met, the escrow will be “closed.” Each escrow, although following a similar pattern, will be different in some respects.
The duties of an escrow holder include: following the instructions given by the principals and parties to the transaction in a timely manner; handling the funds and/or documents in accordance with instructions; responding to authorized requests from the principals; closing the escrow only when all terms and conditions have been met; and, distributing the funds in accordance with instructions of the escrow agreement.
additional services
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