What is Escrow?

An escrow is a process where a third party, such as Queen City Title and Escrow, Inc., is entrusted to receive and disburse money and/or documents for two transacting parties. The timing of such disbursements by the third party are determined by the contractually-agreed conditions made by the transacting parties.

The third party will act like an attorney, but will work for both sides (the buyer and the seller). They make sure everything that was agreed upon in the contracts has been completed, and everything with the lender has been compiled before funds can be disbursed to the appropriate party.

For more information, feel free to call us at 701-483-2253 today!