CALL US AT 818.784.4000
Come to Escrow Palace, Where you will be treated like Royalty!
Welcome and thank you for visiting Escrow Palace!
When it comes to finances, buying or selling a home is usually the most important investment a person will make. At Escrow Palace, we are dedicated to providing personalized escrow services tailored to your specific needs.
What Is Escrow?
Escrow is a legal arrangement in which an asset (such as cash, real property or other tangible assets) is deposited into safekeeping (e.g. a bank account) under the trust of a neutral third party (escrow agent) pending satisfaction of contractual contingency or condition. Once the condition has been met, the escrow agent will deliver the asset to the party prescribed by the contract.
Types of Escrow
Escrow is best known in the United States in the context of real estate (specifically in mortgages where the mortgage company establishes an escrow account to pay property tax and insurance during the term of the mortgage). Escrow companies are also commonly used in the transfer of high value personal and business property.
Escrow Instructions
Escrow instructions are “written documents, signed by the parties giving them, which direct the escrow officer in the specific steps to be completed so the escrow can be closed.” The escrow officer is also called the escrow agent, licensed agent, escrow holder, or escrow depository.
Typical Instructions
Message Us
Get In touch below. Ask Any Question!
Call Us
818.784.4000
Our Clients Love Us
“Once you travelled, the voyage never ends, but is played out over and over again in the quietest chambers. The mind can never break off from the journey.”
“The level of care, availability and communication between my daughter, her husband, the broker and myself went beyond my expectations. You and your staff truly showed an exceptional level of care and service throughout this transaction. Thank you again for being so wonderful.”