An escrow is defined as a secure and neutral holding place for the documents and funds that are used to complete the transfer of real property.
As the Escrow Holder, Blue Mountain Escrow serves as an impartial, third party who is entrusted with the safekeeping of the documents and funds until the contractual obligations of the principals (the Buyer and Seller) have been fulfilled.
How Does an Escrow Work?
1. Each of the principals gives Blue Mountain Escrow written instructions that define the terms and conditions under which the Escrow Holder is authorized to distribute funds and record legal documents.
2. Next, Blue Mountain Escrow processes the escrow, in accordance with the escrow instructions.
3. Once all conditions of the escrow have been met, the property is transferred and the escrow is closed*.
Leveraging expertise in escrow, Blue Mountain Escrow offers a clear plan for results and serves as an experienced partner for the handling of your escrow transaction.
*Each escrow, although following a similar pattern, will be different in some respects, as it deals with your property and the transaction at hand.
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