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Wednesday, December 14, 2011

What is an Escrow? The Escrow Process Detailed.

I am often asked by foreign buyers or buyers from the East Coast where there is no such thing as an Escrow…."What is and Escrow"  I have attached this flow chart explaining the escrow process.

Essentially in California once a contract is accepted between the buyer and seller for a piece of property, we then open an "Escrow" with a neutral third party which is responsible for ensuring that both parties comply with the terms of the agreement.

If you have any questions about buying or selling real estate, give us a cal (310)777-6342

SKMBT_55211121410560.pdf Download this file

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Posted on: Beverly Hills Real Estate-Beverly Hills Homes For Sale

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