In the real estate world, escrow accounts are used for one of two reasons: to protect buyers during purchases, and to hold a homeowner’s/lender’s funds (either for taxes or insurance). Whether you’re looking for an escrow service during the duration of the purchasing process or to hold funds throughout the lifetime of your loan, escrow accounts matter, and we can help you establish them!
If you’re not sure why escrow accounts are beneficial, then take a look at these advantages of escrow accounts for buyers and lenders:
If you’re in the middle of buying a home, business, or property, then hiring an escrow service to establish an escrow account can protect your deposit. By preventing the direct transfer of funds to sellers, escrow accounts safeguard your deposit in the event that the sale falls through, ensuring that you don’t lose your hard-earned money.
If you’re a lender, then escrow accounts are essential to ensure that property taxes, insurance, and other bills get paid on time. This ensures that if something goes wrong with, for example, homeowner insurance coverage, you won’t lose money in the process.
If you’re looking for reliable escrow services to set up escrow accounts then look no further!
At Bronson Abstract Company we meet your needs by providing professional and reliable escrow services to Fayetteville, AR, Bella Vista, AR, Bentonville, Springdale, Rogers, AR, and the surrounding areas. By meeting the requirements of buyers, sellers, realtors, and lenders, our team of experienced professionals establishes and achieves the proper distribution of funds to ensure hassle-free commercial and residential closing.
By handling the various aspects of escrow service we take care of each step of the closing process to ensure that all parties involved are satisfied and comfortable with the closing process. With over a century of experience offering Arkansas reputable title and escrow services, we’re here to meet your needs and exceed your expectations! Contact us today for more info on escrow services.