Why work with First Class Escrow?
What is Escrow?
What transactions do I need First Class Escrow for?
What does the Escrow Officer do?
The Escrow Officer is a licensed, trained and experienced professional that serves as a neutral communicator between the buyer and seller. Following the written instructions provided by the buyer and seller, the escrow officer performs necessary duties to complete the transaction. Some of these duties include:
- Prepare escrow instructions
- Receive and deposit purchase funds
- Request and secure all necessary escrow documents
- Prorate taxes, liens, interest, insurance and rents as instructed
- Arrange the title insurance policy
- Request and secure funding from lender
- Close the escrow and disburse funds after all instructions have been fulfilled
- Prepare the final statement for the parties for the disposition of funds
The Escrow Officer does not negotiate the transaction, or offer any legal or investment advice.