Residential escrow is not always as straightforward as it may seem, and escrow closings have become more complex over the last few years due to changes in both federal and state laws. As an independent full-service escrow company, we are proud of our dedication to staying on top of all changes with a team of experienced escrow agents who do everything it takes to ensure every escrow transaction closes on time without unpleasant surprises.
As an escrow company, Market Street Escrow holds legal documents and funds on behalf of the seller and buyer in a residential real estate transaction. Funds and documents are then distributed according to escrow instructions. Escrow is an important process that offers accountability and security to an otherwise complex legal process, and you can trust in Market Street Escrow to make it as straightforward as possible.
Commercial escrow settlement involves the transfer of real estate, including note sale transactions, apartment complexes, retail property and offices. Market Street Escrow understands the many unique aspects of commercial escrow and note sale transactions, which may be very complicated. We have the knowledge necessary to handle complex commercial escrow transactions, and our escrow agents have the right skill set to expertly manage all details of your transaction.
REO or foreclosure escrow transactions are typically more complex than traditional residential real estate escrow. These transactions require a very specialized approach to recognize potential roadblocks quickly before they delay closing. Our escrow agents will ensure strict adherence to all sales conditions of a bank-owned property. Our escrow officers are very proactive in the management of your transaction and will help resolve issues and monitor your transaction every day.
With a short sales, the sales price of the property is lower than the balance owed on the loan, and the lender has agreed to allow the sale to proceed and accept less than the amount owed, in exchange for releasing the lien on the property. The homeowner receives no proceeds from a short sale, although it can have benefits to avoid foreclosure and qualify for a new mortgage much sooner. Market Street Escrowhas a dedicated team of short sale experts who understand the complexity and time restraints of short sale escrow transactions.
A For Sale By Owner can be a good option for anyone who wants to sell or buy a home without an agent. Market Street Escrow manages escrow involving FSBOs, with the experience necessary to handle these escrow transactions and ensure all legal requirements are met, including mandatory disclosures and forms.
When a burrower refinances, they are paying off an existing loan or mortgage with the proceeds of a new loan. This is usually done to reduce monthly loan payments or the term on a loan with a better interest rate.
Market Street Escrow handles refinancing escrow transactions to ensure a speedy closing with no surprises.