Escrow is the process occurring between contract acceptance and title transfer during which the buyer deposits purchase money and the seller deposits applicable transfer documents.
The escrow is the central point of contact for all parties to the transaction as well as third parties such as lenders, insurance agents, service providers and the real estate agents.
The escrow agent is an independent, non-biased third party, or fiduciary, whose function is to ensure that the conditions of the purchase contract and the lender’s loan requirements have been met prior to the recording of the deed. In this capacity, the escrow officer may act only upon mutual, written instruction and, while representing all the parties, may not favor one over the other.
First Centennial Title has been handling escrow transactions in Northern Nevada for over 30 years. We have the experience to make sure your real property transfer goes smoothly. Please don’t hesitate to call one of our five locations with any escrow questions you may have.