Opening Escrow

A Title Company moves you toward closing

Our title partners are here to help us through this process. They are trained professionals that supervise the transaction to closing. They will make sure that no funds or property change hands until all terms and instructions in the purchase and sale agreement have been followed.

Once an offer on a property is mutually agreed to by buyer and seller, the transaction is then placed into “escrow.” Escrow is a term that describes neutral third-party handling of funds, documents, and tasks specific to the sale of the property.

A record of all real estate sales and events on all properties is filed in public archives. The title company will do a title search of the records to see if there are any issues such as liens, levies, or encumbrances associated with the property. Title insurance is different than casulty insurance in that it is a one-time fee.

Title insurance is the best way to protect yourself against title defects that have occurred in the past, which may not appear until after you’ve taken ownership of the property. In Oregon, the seller provides title insurance for the buyer and the buyer provides the insurance for the lender.