| When people opt to buy a real estate property, then | | | | company, either the home seller, the home buyer or |
| they have load of paperwork to do, and by the time | | | | the mortgage lender or real estate agent. In case it is |
| the deal is near to close they hardly remember what | | | | your responsibility as either of the party to choose |
| they have signed for and what are the terms. If you | | | | an escrow company, then make sure that you |
| are confused on what you have been paying and | | | | choose one that has experience in handling real |
| how much you have paid, then go through the | | | | estate and mortgage transactions. Having the |
| escrow agreement. This is the agreement that would | | | | intrusion of a third unbiased party is important and |
| give you the total details about the funds that have | | | | the dealings should be looked over in a proper |
| been transacted and which are still to be transacted. | | | | manner. There is a proper track of the money that is |
| For any real estate or mortgage transaction an | | | | being transacted. |
| escrow account is set up where some money is | | | | As a home owner or a home buyer, you can always |
| deposited and used . An escrow company sees over | | | | keep a track of the situation and your escrow |
| these transactions. However, to know whether your | | | | account by calling up your mortgage agent or your |
| money is handled in safe escrow accounts, it is | | | | real estate agent. They can better guide you on all |
| important that you make sure that you have chosen | | | | the transactions that have been happening through |
| the right escrow company. | | | | the escrow account. Choose the right company to |
| Usually states overrule the decision of who is | | | | be assured of the safe escrow dealings. |
| responsible to make a choice of the escrow | | | | |