The Title Concept
Overseeing The Closing Process
Conducting a Title Search:
Disbursing Escrow Funds
Managing Escrow Funds
Hold and safeguard the buyers fund before closings
An escrow agent’s key role is to hold the money received by, or on behalf of, the buyer in a non-interest bearing account as the transactions proceed to closing.
Paying off any outstanding balances (title related)
Balance closing figures with lenders
Disbursing the transaction including seller proceeds, payoffs, commissions, taxes etc.
Lastly, the escrow agent is tasked with distributing funds to the required parties. This includes settling the seller’s proceeds, paying the realtor commissions, attorney fees, paying any taxes due etc.