Like other first-class companies, we offer a comprehensive range of services and resources. However, it is our team that make the difference! Our culture is built around nurturing relationships with our clients, partners, and, just as importantly, each other.
At Tierra Vista Escrow, our culture of inclusivity means that everyone is heard, valued, and appreciated. Our great company culture inspires our people to achieve their best – especially important when satisfying our clientele with challenging transactions and tight deadlines. Our focus is always on the people. We would be hard-pressed to say who enjoys a smoothly closed escrow the most – our escrow officers or their clients!
Tierra Vista Escrow will provide you and your clients with the peace of mind that your files are in good hands.
We have dedicated offers equipped with advanced knowledge and experience when it comes to escrow services, especially in managing property transactions.
Do you need more information about the types of escrow transactions we offer? Our escrow representatives are available to answer all of your escrow inquiries and concerns.
-Ray Jimenez
- Amanda G.
Escrow is a process that allows a neutral third party (the escrow company) to hold money and documents on behalf of the parties involved in a real estate transaction. These parties typically include the buyer, the seller, the lender, and the borrower. The escrow company’s agent is responsible for following all the instructions given by these parties and ensuring all the requirements described in the Residential Purchase Agreement and Joint Escrow Instructions are met before closing.
Using an escrow provides security and peace of mind for your real estate transactions. When you have an escrow, you know that no money or property will change hands until all the purchasing conditions that all parties have agreed to have been met and all the instructions have been followed.
The buyer, seller, lender, and borrower will agree on escrow instructions and deliver them in writing to the escrow officer. Typically, the real estate agents will provide the information needed for this process, with input from their clients. Once the escrow officer has received the necessary instructions and documents, they will process the escrow. This may involve many different duties such as ensuring that the instructions from the parties are mutually compatible, paying bills as authorized, responding to authorized requests from the parties, and handling all funds and documents as instructed. Once all the instructions have been complied with, the escrow officer will close the escrow and deliver the funds and documents to the appropriate parties.
The buyer, seller, and lender will choose the escrow agent together. Often, the agent is chosen at the recommendation of a real estate broker. However, there is no obligation to follow a broker’s advice. Escrow companies are independent. In order to avoid any possibility of partiality, they do not receive referral fees from brokers.
Many of the activities involved in closing escrow have fees associated with them. Examples include document transfer tax, recording of the grant deed, title insurance, inspection fees, notary fees, etc. These kinds of fees may be paid by either the seller or the buyer (or even the lender in some circumstances) depending on the traditions and practices in the local area and on the preferences of the involved parties. Typically, the buyer and the seller will split the escrow company’s fees fifty-fifty.
