In the intricate process of a real estate transaction, the title company, acting as the escrow agent, plays a vital role as a neutral third party. This impartiality is fundamental to ensuring a fair and equitable process for both the buyer and the seller. Tier 1 Title takes this responsibility with the utmost seriousness.
As the escrow holder, we do not represent either the buyer or the seller exclusively. Instead, we follow the instructions outlined in the legally binding purchase agreement, acting as a facilitator to ensure all conditions are met before the transaction is finalized. This includes holding the buyer’s earnest money and down payment, receiving loan funds from the lender, and disbursing funds to the seller and other parties involved (e.g., realtors, previous lienholders) only when all requirements are satisfied.
This neutrality provides a level of security and trust for all parties. Buyers can be confident that their funds will not be released until the seller has met their obligations to transfer clear title. Sellers can be assured that they will receive their proceeds once the buyer has fulfilled their financial commitments.
Tier 1 Title’s commitment to neutrality and adherence to the terms of the agreement ensures a transparent and fair transaction, fostering confidence and a positive experience for everyone involved.
