TOPICS ON OUR

Industry

Defining

The Escrow Process

An Escrow Holder serves as a neutral third party during your real estate transaction. We prepare and comply with instructions from the mutual direction of the principals under contract or agreement. Escrow serves as an integral hub of communication between principals, agents, title, lenders, and all involved parties to the transaction in order to make sure all requirements have been met before calculating final monies and dispersing appropriately.

What types of transactions do we work with?

What types of escrow services does Peninsula Escrow provide? We process commercial transactions, industrial transactions, short sales, for sale by owner, refinance, private lending, mobile homes, and bulk sales.

Step by step process of an escrow

How is an escrow processed? During the escrow period, escrow will review and disperse all required reports and necessary documents required to process the transaction. We receive all necessary funds and confirm all paperwork is in order. We prepare closing statements and authorize the funding and recording of the transaction.

Defining escrow failures

The biggest reason for an escrow to fall through or fail when it could have been prevented, is poor communication. Make sure if you have any concerns that you speak with your agent and possibly your escrow team. Many issues can be addressed if the appropriate party is notified in a timely manner. Every question is worth asking so do not hesitate to reach out.

What is Title Insurance

Title Insurance protects against losses that would occur when title to a property is not free and clear of defects. Now lets try that in English. Title insurance will make sure that any liens, mortgages, defects to ownership, taxes, or anything that can cause any question to ownership or a lender’s position are cleared up before closing your sale or refinance.

How to find the right escrow company for you

This one is easy. Call Peninsula Escrow. You can find an office local to you or the your property and start with the escrow team there.

How you can prepare

Gather the documentation you may need to provide for your Trust, LLC, Corporation, or Partnership. Be ready to provide your escrow with your best contact information and then get ready to go over a lot of paperwork.

Why is escrow necessary when purchasing property?

Why do you need escrow? Whether you’re the buyer or seller, you want the assurance that no funds or property will change hands. Escrow safeguards all funds and or documents until all of the instructions in the transaction have been followed.

Why your transaction is safe with us?

How does escrow protect against wire fraud? We have a detailed process to protect against wire fraud, beginning with only communicating, with the buyer and completing a verbal verification. We also have cyber insurance to protect your transaction.

How do title and escrow work together to secure my transaction?

How do Title and Escrow work together? The combined efforts of the title and escrow company offer maximum protection against any danger from the process of closing on a home. Title insurance will make sure that any liens, defects of ownership, taxes, or anything that can cause any question of ownership or a lenders position are cleared before closing your transaction. Navigating real estate can bring a lot of hazards but title and escrow help ease the process and make sure your investment is protected.the

Industry

Resources

American Escrow Association

American Land Title Association

California Escrow Association

Franchise Tax Board

Contact Us

Today!

The Escrow Professionals at Peninsula Escrow are ready to assist you and a great place to start is your local branch. Check the about us page and find the escrow officer, at a location you want to work with, and reach out today.

John Zimmer Broker/Realtor/Lender

Service, service, service…..Solutions, solutions, solutions. I’ve worked with Peninsula Escrow for decades. He is always willing to go the extra yard and burn the late night candle when needed to get things DONE. Excellent escrow company with vast knowledge and great service.

Ethan H.

Thanks for everything Peninsula Escrow. You did an amazing job and made the whole process so much easier for me. I really appreciate it.

Gloria Y.

You are one of the best Escrow Offices I have ever dealt with …. Thank you.

Grant Nakaoka Nakaoka Real Estate

I truly appreciate your efforts and time in closing this escrow. Your service was excellent!

Pastor A.

Dear Peninsula Escrow, I wanted to write this note to thank you for helping our Church secure the loan transaction. Your professional efforts, patience, and diligence is very much appreciated.

Becky Poe-Anderson RE/MAX Estate Properties

Peninsula Escrow, you always get my business and the best and hardest working escrow officers out there.

Craig Marson First Team Real Estate

Thanks again for your fantastic work on this file, it was very enjoyable working with you. And I could actually get you on the phone when needed, this is unusual in the current market.

Cheryl S.

Not sure we ever thanked you for your awesome work on this escrow for —. Thank you very much.

Maureen S

As you know within the past 12 months I have sold 2 properties and used you (Peninsula Escrow for both and was so blessed with how easily and smoothly both contracts flowed. I actually forgot that my last property had a glitch, which your team was most helpful in getting things properly communicated in a timely manner so as to keep the closing on track. You and your staff were so kind and thoughtful that I forgot about that problem (which if not corrected could have voided the sale). As we have discussed, pending the market conditions, I’ll hopefully be calling you to handle one more California property for me within the year.