Whenever there is a sale of a house or real estate, there is usually a lot of money that changes hands. In order to protect the buyer and the seller, a third party is responsible to make sure that everyone and everything involved in the sale of the house is paid properly.

This third party is called an “Escrow Company”. It is the job of this company to:

1. Pay the seller, the agents, the title co., the appraiser, the notary, the taxes, credit cards, etc.

2. Ensure that all the conditions from all parties involved have been met including all documentation needs.

For home owners that want to refinance their house, it is also the job of the escrow company to ensure that all conditions from a lender (mortgage company) have been met before dispursing the lender's money to everyone or everything involved in the transaction.

Even if you decide to not use an escrow company and take your chance on buying the house, if there is a mortgage involved, the lender will certainly want you to have an escrow company in place before they lend you the money.

An escrow professional understands the business and gives you the best chance to ensure that the sale of the house is a smooth transaction. Search our database to find an escrow professional near you.