Escrow Services in Hermosa Beach CA
Are you in need of escrow services in Hermosa Beach CA? We have you covered
There are plenty of people who don’t know the first thing about escrow services in Hermosa Beach CA. They may know they need these services when buying or selling a property, but they often don’t know exactly what they entail or how to find the right company. If you are in that boat then this is the page for you. At Neighborhood Escrow we have been offering escrow services since 1985 and are here today to give you the details on what exactly that entails.
What exactly is escrow?
When a person discovers they need escrow services in Hermosa Beach CA, their first question is often: “What is escrow?” Put simply, escrow is a process in which a third party holds money and documents from both sides of a real estate transaction. In most cases, the parties in question are the buyer and the seller, and often the lender and the borrower as well. The escrow agent follows the detailed instructions given by the involved parties to ensure that all requirements set out by the Joint Escrow Instructions and Residential Purchase Agreement are followed.
Don’t discount the importance of escrow services in Hermosa Beach CA
There are many reasons that you don’t want to miss out on escrow services in Hermosa Beach CA. At Neighborhood Escrow, we offer you the peace of mind and security that your property or your funds are protected. We take great pains to ensure that the property and funds we’re entrusted with is handled exactly correctly and that we meet all conditions as agreed to by the involved parties.
More information on escrow services in Hermosa Beach CA
All those involved in the real estate transaction in question must agree on the escrow instructions. Once that has been accomplished, the escrow officer gets those instructions. It is almost always true that the real estate agent is going to take care of these steps on behalf of the buyer / seller. However, you will have input. Once the escrow officer gets those instructions and the necessary documents, they can begin processing the escrow.
Escrow services in Hermosa Beach CA can involve a wide range of services. For example, the escrow officer may pay outstanding bills or liens against the property, pay off mortgages, handle all funds, and record the necessary documents, including the grant deed. When escrow is complete, the escrow is closed, funds are delivered, and the documents are distributed accordingly.
Payment for escrow services in Hermosa Beach CA
The Escrow Instructions will include instructions that often come with fees. The escrow officer may be required to pay the document transfer tax, to pay fees for the property inspections, pay the title insurance company, pay the recording fees for the grand deed, and other fees. In most cases, the buyer or seller will pay for these, in accordance with the agreement they come to before escrow is set up. The escrow company has fees as well, which are most commonly paid 50/50 between the buyer and seller.
If you are looking for escrow services in Hermosa Beach CA then we highly recommend you contact Neighborhood Escrow at 310-378-2456. We are here to walk you through this process.
