Escrow 101

An escrow holder is obligated — from an unbiased, third-party perspective — to ensure that the final agreement between the principals to a transaction has been timely consummated.

An independent escrow holder, without being beholden to a real estate company, a banking institution or title insurer, can perform its duties to all responsible parties in an objective and impartial manner.

An independent escrow holder is randomly audited by the Department of Corporations and annually audited by a licensed Certified Public Accountant to protect the safety of clients’ funds and to ensure sound business practices.

Parkfield Escrow’s Higher Standards

The stringent requirements by the Department of Corporations assure that Parkfield Escrow Inc. has met the highest standards of the industry. Consumer protection regulations unique to licensed escrow companies include: