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Who needs Escrow?






































            You do…if you are buying or selling a house,           In an escrow transaction, an escrow officer
            business, income property, mobile home, or if          makes  sure  your  written  instructions  are
            you are involved in any other transaction which        carried out before exchanging the funds and/
            may require the transfer of documents or funds.        or documents.

                                                                   What transaction types necessitate
            What is Escrow?                                        Escrow?
            It is an agreement in which a buyer and seller
            appoint an impartial third party to hold funds         • Residential Sale Transactions
            and/or documents. For example, in a real               • Refinancing a Mortgage
            estate transaction, an Escrow Officer would            • Sale of Income and Commercial Property
            hold the seller’s deed and the buyer’s funds.          • Subdivisions
                                                                   • Mobile Home Sales
                                                                   • Construction Loans
            What does an Escrow Officer do?
            Our escrow officers act for all parties to the
            escrow. We  hold  such  documents  as  deeds,          Who pays the Escrow cost?
            bills of sale, releases and any special reports        The  escrow  cost  is  a  matter  of  agreement
            needed and have the necessary documents                between the parties, as is the choosing of the
            recorded. We act as the depository of money            escrow company.
            involved in the transactions. We can see that
            taxes, fees, interest and commissions due are          *Driggs Title Agency will serve as an impartial
            paid, and we disburse  funds  in the correct           third party during your Real Estate transaction.
            amounts at the proper times.





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