 OT: stupid question, Escrow? |
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| SirAndy |
  May 23 2008, 05:25 PM
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Resident German  Group: Admin Posts: 41,688 Joined: 21-January 03 From: Oakland, Kalifornia Member No.: 179 Region Association: Northern California  |
How exactly does Escrow work? (IMG:style_emoticons/default/idea.gif) from what i gather, the escrow company is kinda like a Notary with a Bank and i put in the funds and they'll hold them until certain terms in the sales contract are fulfilled and then release the funds to the seller ... am i close? (IMG:style_emoticons/default/shades.gif) Andy |
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| TROJANMAN |
May 23 2008, 05:49 PM
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Looks nice in pictures......... Group: Members Posts: 5,271 Joined: 5-March 04 From: Colorado Member No.: 1,753 Region Association: None |
My uncle in Nigeria has an escrow company that comes highly recommended. (IMG:style_emoticons/default/biggrin.gif)
But what they said. If this is a real estate transaction the escrow company, more or less, guarantees clear title and acts as a non-interested third party to facilitate the transaction. |
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Posts in this topic
SirAndy OT: stupid question, Escrow? May 23 2008, 05:25 PM
race914
How exactly does Escrow work? :idea:
from what... May 23 2008, 05:34 PM HeavyHeavy More or less. It depends a little on the context.... May 23 2008, 05:36 PM sww914 Yes. They're the impartial money holders. Afte... May 23 2008, 05:36 PM SirAndy not for real estate ...
i'm buying the liquor... May 23 2008, 06:21 PM
ericread
not for real estate ...
i'm buying the liquo... May 23 2008, 06:37 PM HeavyHeavy I'm sure it's the same concept then. The ... May 23 2008, 06:34 PM Pat Garvey Well, an escrow agreement is definitely NOT limite... May 23 2008, 06:37 PM rhodyguy the escrow co should provide info as to any liens.... May 23 2008, 10:49 PM DNHunt Just my opinion, If you are buying a business get ... May 24 2008, 08:05 AM Cap'n Krusty Escrow protects both the buyer and the seller. If... May 24 2008, 12:08 PM kwales And escrow says you are serious enough about the t... May 24 2008, 12:12 PM SirAndy yes, i do have an attorney. i just wanted to make ... May 24 2008, 02:38 PM yellow914 in a business escrow it is typically handled by an... May 24 2008, 10:44 PM |
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