Zeno Drake Bakalian P.S. offers price-competitive escrow services in a professional environment and with a commitment to quality over volume. Our referral sources include real estate agents, mortgage lenders, and satisfied customers.
The escrow process starts when the parties have signed a purchase and sale agreement. Often the parties deliver the earnest money to us, to hold in our trust account. Our escrow officer then begins the work of closing the deal. A partial list of the tasks includes: ordering the title report, if it has not been ordered already; ordering a UCC search and obtaining a rent roll for commercial transactions; contacting the existing lenders and lien holders for payoff information; completing the loan documents furnished by the buyer’s lender; preparing the deed, excise tax affidavit, and other documents needed to close the transactions; calculating prorations and paying closing costs out of funds held in escrow; preparing the settlement statement accounting for moneys received and disbursed; and meeting with the buyer and seller to sign documents. We can answer any of your questions during any part of this process.
We will furnish an escrow fee schedule upon request.