What Is An Escrow Agent?
- The Escrow Agent is a neutral third party acting on behalf of the buyer and seller. Their primary purpose is to close the transaction according to the Parties’ instructions.
- Usually this involves clearing Title, acting as an intermediary between various interested parties, preparing documents, disbursing funds, recording the deed and security documents, paying off existing liens or mortgages and the proration of real property taxes to ensure an accurate and complete closing.
