Escrow (continued) ....

After escrow isopened, it is the escrow holder`s job to follow the lenders,  buyer`s and seller`s instructions. and request all parties involved to observe the terms and conditions of the contract. The escrow holder coordiantes communication between the principals, the agents/officers involved and any other professionals ----- such as the lender , title company or pest control company, whose servies are called for in the escrow instructions.

In effect, an escrow is a small and short-lived trust arrangement.  The principals turst that the escrow holder will carry out their specific wishes, and the escrow holder has a duty to be trustworthy, as the agent of both parties. As a neutral thrid party, the escrow holder does not make decisions for the lender, buyer or seller and may only operate at the direction of all parties to a transaction.

Eddy Martinez

Best Rate Funding - Direct Lender - Wholesale Rates

Senior Loan Consultant

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

E- Fax :1-310-943-6551

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"A business that makes nothing but money is a poor business. "
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