So what exactly is escrow? Think of it this way: when you’re buying a home here in Rancho Cucamonga for, say, $750,000, you don’t want to hand over three-quarters of a million dollars before you know the seller will actually give you the keys and a clear title. And the seller doesn’t want to sign over their house before they know your money is real and the deal will close. That’s where escrow comes in. An escrow company is a completely neutral third party that holds everyone accountable. They hold the money, they hold the documents, and they make sure every single condition of the purchase agreement is met before anything changes hands. They don’t work for you, they don’t work for the sellers, they work to make sure the transaction is done correctly and legally.
WILLIAM LIM
01434061
909.239.2006