What are the advantages of using Escrow for large transactions? Escrow, or specifically an escrow agent, is a company that helps handle large transactions between two parties. Escrow agents add layers of trust and accountability to the money transfer and fulfillment of the purchase agreement without an attorney being involved.
Escrow services are typically used for the sale of businesses, personal property, commercial real estate, or in any situation wherein the parties would like a disinterested third party to handle documents and/or funds on their behalf. We specialize in creating custom escrow services for all types of situations.
Whether it is vacant land, personal property sales, commercial property, or any combination an escrow service should be used. If any of the real property & business sale is financed the lender will probably require that an independent escrow service be used to complete the sale. An escrow service protects the buyer and seller and makes it more likely that the sale will go smoothly.
