Escrow in North Lake Tahoe
Why do you need a title company for escrow? The title company is a disinterested third party for the buyer, seller and lender. The escrow officer that is chosen will work with all involved to carry out the written instructions given by the principles. They are responsible for many elements of the process that occurs from when a deal is agreed upon and when the money and property are transferred. The escrow agent is responsible for processing and coordinating the flow of documents and funds, keeping all parties informed of progress, responding to the lenders requirements, coordinating legal document preparation and title work, prorating taxes and other items, preparing the final settlement statement of closing for each party, obtaining proper approval of documents and proper signatures, disbursing funds for title insurance, real estate commissions, lien clearances and recording the deeds and other documents.
The purchase and sale of property can be very complicated and multi-layered. The more professionals you have on your side including a good escrow officer and your real estate agent, the better protected you are against unforeseen complications with the transfer of property.