Escrow company is a neutral third party who facilitate the transfer of the title from seller to buyer by holding funds or documents and distribute them accordingly to the instructions from both parties.

Escrow officer will obtain funds and documents from buyer, seller and lender, when all the terms of the agreement are met, escrow officer make sure money and papers wind up in the right hands.

Buyer is responsible to pay for escrow fee, loan fee, prorated property tax, prorated first month mortgage payment, appraisal fee, credit check fee, home inspection fee and other miscellaneous closing cost.

Seller is responsible to pay for escrow fee, title fee, prorated property tax, prorated last month mortgage payment, home warranty, termite repair fee, home repair fee and other miscellaneous closing cost.

Due to the fact that escrow company is a neutral third party hired by both parties, with the assistance of an escrow officer, the transaction can flow smoothly and reliably.