The escrow process was developed to help facilitate the sale or purchase of your home. The escrow company accomplishes this by :

*Acting as the impartial "stake holder", or depository of documents and funds.

*Processing and coordinating the flow of documents and funds.

*Prorating and adjusting insurance, taxes, rents,etc.

*Recording the deeds and loan documents.

*Maintaining the security and accountablility of monies owed and owing.

*Keeping all parties informed of the progress of your purchase or sale.

Is the means of loan payment by equal periodic payments calculated to pay off the debt at the end of a fixed period, including accrued interest on the outstanding balance.

A title insurance policy issued by a title insurance company insures a home buyer against errors related to the ownership of the property.