In this week's episode, Tim speaks with Nancy Silberberg, President and Senior Escrow Officer at Atlus Escrow.
If you've ever had any questions about escrow, here are your answers!
- So in a nutshell, what is escrow, what purpose do they serve in a Real Estate transaction?
- When a borrower enters into escrow, they put a deposit in escrow, what is that for?
- During the escrow a borrower fills out a form for title called a statement of information, what does title use this for?
- What are escrow instructions?
- What does the escrow do to close out the transaction?
- What is important to cover that I did not ask about?
