What is escrow?
Escrow is basically a period of time in which all the funds and documents involved in the transfer of property are verified. This is where First American Title Company steps in. We act as an independent third party for the buyer and seller, carrying out both parties’ instructions and assuming responsibility for distributing the funds, handling all the paperwork, and recording the deed which transfers the title to you, the buyer.

Escrow protects all parties to the transaction. For example, in the case of a deposit, the buyer’s money is protected, while the seller sees evidence that the buyer’s interest is in good faith. The title company holds all monies, instructions, and documents necessary to the transaction; distributes the right amounts to the right parties; and sees to details such as recording the new deed.

Once everything has been completed according to the contract and you have signed your closing papers with First American Title Company, your lender will wire the appropriate funds to us. We will then record your deed and various loan papers at the Recorder’s Office where they will become public record. Escrow will then be closed, and you will be the proud owner of your new home.


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