Escrow Services

Buying or selling a home (or another piece of real property) usually involves the transfer of large sums of money. It is imperative that the transfer of these funds and related documents from one party to another be handled in a secure manner by a neutral and knowledgeable third party, the escrow holder The parties to the transaction want to be certain all conditions of the transaction have been met before property and money change hands. For the protection of the buyer, seller, and lender, the process of escrow was developed.

As the escrow holder, Old Republic Title acts upon the instructions of the parties and ultimately disburses the money. Simply stated, the escrow holder impartially carries out the written instructions given by the parties to the real estate transaction. This includes receiving funds and documents necessary to comply with the instructions, completing or obtaining required forms, and handling final delivery of funds, documents, and statements to the proper parties upon the successful completion of the escrow.