Neighborhood Escrow Inc. – South Bay’s Most Trusted Escrow Company Since 1985
business] has been South Bay’s go-to escrow company for over 30 years! Plenty of people throughout South Bay have relied on Neighborhood Escrow for all their escrow needs over the years. Read on to find out why…
But first! Let’s address a basic question we often hear from friends, family, and others here at Neighborhood Escrow:
What is escrow?!
Don’t worry if you have no idea what escrow is – we’re always happy to explain our specialty. Escrow is a service that allows a neutral third party (the escrow company) to hold money and documents on behalf of all of the parties involved in a real estate transaction. Parties often include the seller, the lender, and the borrower. The escrow company’s agent has a very important role – that of making sure all instructions given by the parties are followed correctly. He or she also ensures that all the requirements described by the Residential Purchase Agreement and Joint Escrow Instructions are met properly before closing.
Having an escrow company help during real estate transactions is tremendously beneficial because it provides all parties involved in this transaction with real peace of mind and a sense of genuine security. When you work with an escrow company like Neighborhood Escrow, you know that no money or property will change hands until all purchasing conditions that all parties have agreed upon have been met successfully. All instructions will be followed to the letter when you rely on Neighborhood Escrow for all your escrow needs.
How does it all work?
Those who have never accomplished a real estate transaction before might not know how escrow works. That’s okay! It’s not hard to understand. First, the buyer, seller, lender, and borrower will agree on escrow instructions and submit them in writing to an escrow officer at Neighborhood Escrow. In many cases, the real estate agents provide this information, with input from their clients. Then when all instructions and documents are received, the escrow agent will process the transaction. This process may include various duties such as ensuring that all instructions from parties are in accord, paying bills as authorized, responding to authorized requests from parties, and meticulously handing all funds and documents as instructed. Once this process has been completed successfully, the escrow officer will close the escrow and deliver the funds and documents to each appropriate party in the real estate transaction.
Choose Neighborhood Escrow
Neighborhood Escrow has been successfully serving sellers, buyers, and borrowers throughout South Bay for over 41. Our staff includes highly experienced escrow officers who will make sure your real estate transaction is accomplished without a hitch. Debbie, our Escrow Manager, has 32+ years of Neighborhood Escrow. You can rest assured that you’ll be in great hands with any of our experienced, professional, and helpful escrow agents. Your satisfaction is our top priority, so we’ll make sure your escrow transaction is accomplished with efficiency and meticulous attention to detail.
Start working with Neighborhood Escrow today! Call 310-378-2456 or email debbie@neighborhoodescrow.com now.
