Escrow Services in Torrance CA
Are you in need of escrow services in Torrance CA? We have you covered
If you are like many people in the state of California, you may not know the first thing about what they are or how to find escrow services in Torrance CA. The good news is that you have an experienced company here to help you through the process. At Neighborhood Escrow, we have been proudly serving the South Bay area since 1985. With a commitment to excellence, providing the best possible service for our clients, and ensuring a customized service every time, we are the company you have been looking for.
What exactly is escrow?
When a person discovers they need escrow services in Torrance CA, their first question is often: “What is escrow?” Put simply, escrow is a process in which a third party holds money and documents from both sides of a real estate transaction. In most cases, the parties in question are the buyer and the seller, and often the lender and the borrower as well. The escrow agent follows the detailed instructions given by the involved parties to ensure that all requirements set out by the Joint Escrow Instructions and Residential Purchase Agreement are followed.
Don’t discount the importance of escrow services in Torrance CA
There are many reasons that you don’t want to miss out on escrow services in Torrance CA. At Neighborhood Escrow, we offer you the peace of mind and security that your property or your funds are protected. We take great pains to ensure that the property and funds we’re entrusted with is handled exactly correctly and that we meet all conditions as agreed to by the involved parties.
Learn more about escrow services in Torrance CA
Everyone involved, the buyer, seller, lender, and borrower, first agree on escrow instructions. Once they have done that, those instructions are sent to the escrow officer. In most cases, your real estate agent will take care of this step with input from you. Once the escrow officer gets the instructions and documents, they process the escrow.
A number of different duties may be involved in escrow, including paying bills, handling requests from all parties, handling funds, and recording documents. Once the escrow company has completed all the steps, the escrow is closed, the funds are delivered, and the documents are handed over to the appropriate entities.
Who pays for escrow services in Torrance CA?
Most of the activities that are included in escrow instructions will have fees. For example, there will be a document transfer tax, fees for recording het grant deed, fees for inspections, costs for title insurance, etc. These fees are paid by either the seller or the buyer depending on the what the involved parties decide. In most cases, the fees for an escrow company will be paid by the buyer and seller, who will split the fees 50 – 50.
If you are in need of experienced, customer-oriented escrow services in Torrance CA then it is time to contact Neighborhood Escrow at 310-378-2456. We are here to answer your questions, help you through the process, and ensure your needs are met.