Setting Up Escrow Accounts?
What types of companies do you go to, in order to set up an escrow account? And do you set up a escrow account after you have an agreement of sale or after the title search? Finally, why is it best to set up an escrow account for an assignment deal. Can't you just do a double closing?
Thank for any advice,
Isaiah
You can open an escrow account with most any escrow company, if they're handling a RE sale or loan for you.
If you're wanting some special arrangements or long term escrow, then you'd need to find private escrow co., or lawyer who does escrows, and by specific arrangement, have them/him do the things necessary with the escrow funds until escrow is closed.
Just make sure the escrow co. or lawyer has a good reputation, is licensed, bonded and insured to do escrows, as this is not the place to trust your Bro in Law