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

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