What is escrow?

  • by Penn Henderson
  • 1
Big Island Real Estate - What is Escrow?

Escrow is a confidential and impartial third-party who holds money and/or documents in safekeeping until such time that all conditions and terms have been satisfied. They represent neither the buyer nor seller.

Escrow’s duties include: Receiving and holding deposits, ordering title searches and conveyance documents, clearing title, making pay-offs to existing lenders, providing a settlement statement, handling closings with buyers and sellers, recording documents, and disbursing all funds at close of escrow.

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Contact Penn Henderson - Kona Realtor in Hawaii
MAHALO FOR DROPPING BY!
Big Island Real Estate - Kona, Hawaii

WOULD YOU LIKE ME TO HELP WITH YOUR SEARCH?

I excel at locating ideal Big Island properties specific to your needs and unique lifestyle.

100% Hustle.

No Gimmicks. No Hassles. No Fees.

Just a Few Questions (3-Minutes)