Escrow (continued) ....

Does Escrow have to used?

If so what specific law states that we must? 

No one is requirred by law to use an escrow for any of the previously mentionted transactions in my last blog , including the sale of real property. However, when a buyer and seller reach an agreement about the sale of a property, including terms and an exact price $$, it is usually advisable to invite a neutral thrid party to handle the details of completing the agreement. Misunderstanding, or even criminal or innocent negligence, on part of the principals could the cause of loss to one or both parties if the contract is not handled by an outside professional whose business is to conduct escrows.

Would you give yourself an operation or would you rather have a liscensed and accredited doctor peform the operation?

Escrow is a worthy investment.

Eddy Martinez

Best Rate Funding - Direct Lender - Wholesale Rates

Senior Loan Consultant

Direct Line: 1-888-702-2225 x. 115

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