What is a mortgage escrow account?

When an offer to purchase is made for real property (real estate) a Mortgage Escrow Account is opened. The Escrow becomes a third party entity that collects all the information And monies for the transaction from the buyer, the seller, and the lender. the escrow holder then works with the Title company to make sure all necessary documents are properly completed and recorded with the county recorder’s office before funding takes place.

Marty Weinstein

Broker / Owner at Cost Effective Financial 

For San Diego’s most trusted lender for over 35 years.
Email: marty@costeffectiveloans.com
Phone: +1 (619) 504-0828

Did this article help? Feel free to reach out to us if you still have questions!



No responses yet

    Leave a Reply

    Your email address will not be published. Required fields are marked *