First American Title Company
The term "escrow" means any agreement between two or more parties wherein the delivery of instruments, monies, items of value, or evidence of title to real or personal property are deposited with a neutral third party. This agreement contains specific written instructions executed by all parties to the transaction. This neutral third party is referred to as the “escrow agent”.
The escrow agent:
Receives a complete and fully executed Purchase and Sale Agreement and/or Lender's Instructions
Orders and delivers a commitment for title insurance to the parties to the transaction
Orders all necessary payoff statements to pay in full the existing loans, or monies owed, by the current owners and demands to clear the title
Prepares and/or secures all necessary documents to transfer title
Prepares the estimated and final closing statements
Obtains all necessary signatures, funds, and documents to close the transaction
Records and delivers all necessary documents and disburses the funds according to the parties and/or lenders instructions
Real estate transactions, whether they are loan or sale transactions, are commonly closed by title companies through their escrow departments.
Click Here to Learn More
Your browser must support cookies to use the shopping cart.
First American Title Company located at
417 N. Overland Ave. Burley, ID 83318
We are in the land title insurance business. We work to ensure people buy their homes with peace of mind, reduce their risks and help protect their property rights.