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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

(1)Who is the escrow holder. (2)Expected start and end dates for the escrow. (3)Amount of money and documents to be deposited. (4)How the escrow holder (or escrow agent) is to receive and hold the money Conditions to end the escrow. (5)Authorization for the escrow agent to disburse funds for recording fees, title insurance, etc. (6)Proration schedule for the property tax and title insurance. (7)Payment of prior liens, especially any mortgage.

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Office Location

17514 Ventura Boulevard, Suite 106
Encino, CA 91316

Open Hours

M-F: 9am – 5pm

Email

myescrow@escrowpalace.com

Our Clients Love Us

“Twenty years from now you will be more disappointed by the things you didn’t do than by the ones you did do. So throw off the bowlines, sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover.”

“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.”