At its essence, escrow is the process whereby parties to the transfer or financing of real estate deposit documents, funds, or other things of value with a neutral and disinterested third party (the escrow agent), which are held in trust until a specific event or condition takes place according to specific, mutual written instructions from the parties. Escrow is essentially a clearinghouse for the receipt, exchange, and distribution of the items needed to transfer or finance real estate. When the event occurs or the condition is satisfied, a distribution or transfer takes place. When all of the elements necessary to consummate the real estate transaction have occurred, the escrow is “closed”.
WHAT IS ESCROW?
WHY IS ESCROW IMPORTANT?
Escrow is a service that protects the public and minimizes the potential risk involved in any real estate transaction. With an experienced neutral third party in possession of the legal documents and funds, which party is obligated to safeguard the instruments and funds, buyers and sellers, as well as lenders and borrowers, can safely interact with one another and be assured that no legal documents will be recorded, and no funds will be released, until all of the conditions of the real estate contract or agreement between the parties have been completed.
Inter Valley Escrow is an Independent Escrow Company that is dedicated to putting you and your clients first. With 3 Offices across Los Angeles, we are geographically located to give you the best service possible. Our experienced team of Escrow Officers are the best in the business, and are able to handle multiple types of Escrow Transactions, from Sale Transactions to Refinances and Bulk Sales. We are able to provide our escrow services in multiple languages.