Tue, Aug 26, 2025 11:28 PM
Do you know what an escrow account is?
In real estate transactions, security and transparency are essential to ensure both buyers and sellers have confidence in the transaction. One of the tools used to ensure this security between the parties involved in a purchase and sale is the so-called Escrow Account. This is an account managed by a neutral third party, usually a specialized company or financial institution, in which the buyer's funds are deposited until all the conditions agreed upon in the promise of sale contract are met. This third party acts as an impartial intermediary, ensuring that the money is only released to the seller when all legal and contractual requirements have been met. Why is this important in real estate? 1. Security for both parties: the seller is certain that the buyer has the funds available, and the buyer guarantees that their money will not be released until they receive what was agreed upon. 2. Transparency in the process: all payments are recorded and managed in a clear and controlled manner. 3. Legal protection: Using escrow helps reduce the risk of default or fraud in high-value transactions, such as the purchase of a luxury property. Undoubtedly, an escrow account provides peace of mind and confidence to buyers and sellers in a real estate transaction, making the process more secure and professional.
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Sat, Feb 26, 2022 10:12 PM
Certificate of freedom from lien
With this document you will know if a property for sale has no debts or legal problems.
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Fri, Aug 13, 2021 7:29 PM
Why a Real Estate Agency?
Benefits when hiring a real estate agency.
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Mon, Aug 9, 2021 3:16 PM
What is a trust?
We explain what you need to obtain a Fideicomiso.
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