What is Escrow?
The Escrow Agent acts as an impartial third party who is entrusted with the safekeeping of the documents and funds until all of the conditions of the contract have been fulfilled.
This means that your escrow officer is an unbiased party who can be trusted to assist you through the process with neutrality. The buyer and Seller give the escrow officer written instructions that define the terms and conditions under which he or she is authorized to distribute funds and record legal documents.
Most Buyers and Sellers feel a bit of anxiety as they begin the escrow process. The excitement of finishing the sale negotiations and signing the contract quickly gives way to stress as the parties enter the uncharted waters of the escrow process. Your escrow officer, real estate agent and perhaps your mortgage broker will be your guides as you move through this process. They recognize that for most people, buying and selling a home is the largest single monetary transaction they will ever experience.