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Explanation of Officer

Central Escrow, Inc. maintains nine offices and has a dedicated, experienced staff of employees. A large percentage of our escrow officers average 15 years of experience in the escrow profession. This organization offers experience with personal service in all phases of escrow

Central Escrow, Inc. officers are solely devoted to processing escrow without unnecessary delays. You'll find that these pioneering officers show their expertise in escrowing all residential, vacant land, commercial and industrial properties, and they're experts in all-inclusive trust deeds, land contracts, R.E.O., short sales, equity sharing and creative financing transactions.

  • Serve as the communication link to all parties in the transaction.
  • Prepare escrow instructions.
  • Request a preliminary title search to determine the basis upon which a title insurance policy may be issued.
  • Request a beneficiary's statement or pay-off demand relating to existing financing.
  • Comply with lender's requirements, specified in the escrow agreement.
  • Receive purchase funds from the buyer.
  • Prepare and secure the deed or other documents related to escrow.
  • Prorate taxes, interest, insurance and rents according to instructions.
  • Secure releases of all contingencies or other contiditions as imposed on any particular escrow.
  • Record deeds and any other documents as instructed.
  • Request issuance of the title insurance policy.
  • Close escrow when all the instructions of the buyer and seller have been carried out.
  • Disburse funds as authorized by insurance, including charges for title insurance, recording fees, real estate commissions and loan payoffs.
  • Prepare final statements for the parties accounting for the disposition of all funds deposited in escrow.
 
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