The Life of an Escrow
What is an Escrow?
Buyers and sellers of a piece of property establish terms and conditions for the transfer of ownership of the property. These terms and conditions are given to a third party known as the escrow holder. In turn, the escrow holder has the responsibility of seeing that terms of the escrow are carried out. The escrow is an independent neutral account and the vehicle by which the mutual instructions of all parties to the transaction are complied with.
Download the document below for the process that Escrow will follow during the transaction.
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BETTY FERNANDEZ REALTOR® Broker-Associate
CREDENTIALS:
Former Certified Residential Appraiser
Seniors Real Estate Specialist (SRES)
Certified Probate Real Estate Specialist (CPRES)
Bilingual English/Spanish
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Five Myths of Aging
1. I am never growing old.
2. My kids will take care of me.
3. I am not leaving my house unless it's in a pine box.
4. The government will take care of me if I run out of money.
5. I am safe because I have long-term care insurance.
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