FAQs

Why work with First Class Escrow?
Simply, because our customers come first! Our objective is to put our over 40 years of experience at your service and deliver the most professional, honest and smooth transaction possible. First Class Escrow is an independent, owner operated business that values their clients’ trust in them and strives to provide the most pleasant experience for our clients. We are regulated by the California Department of Business Oversight (DBO), license number 963-1890, and specialize in all types of escrow transactions.
What is Escrow?
Escrow is a service which provides protection in the handling of funds and/or documents between the buyer and the seller during a real estate transaction. During Escrow, both parties communicate with a licensed neutral third party, the “escrow holder”, that assures no property or funds are exchanged until all regulations have been fulfilled.
What transactions do I need First Class Escrow for?
We specialize in residential resale, commercial, industrial, refinance escrows, for sale by owner, investment properties, tax deferred 1031 exchanges, REO, short sales and reverse mortgages.
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.