What is a Long Term Escrow Agreement?
An escrow agreement is an arrangement made under contractual provisions in which an independent third party is responsible for the preparation of documents, processing of payments and accounting of funds for the transacting parties.
Types of Agreements we service:
- Real Estate
- Auto and Equipment
- Business Purchase or Sale
- Holdback Agreements (Settlement Agreements, Construction, Home Warranty, etc.)
What We Do:
We are responsible for the set-up of accounts and service of contracts between buyer and seller.
In doing this, we retain the original documents for safekeeping. We handle all the details related
to accepting and distributing funds, calculating principal and interest and retaining reserves for
taxes and insurance. We also prepare year-end tax statements, annual reports and file 1098’s and
1099’s with the IRS. We process the paperwork and payments in an efficient and timely matter
that makes it easy for you.