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Providing valuable resources for our El Paso, TX Real Estate Buyers and Sellers is our top priority.
Buyers and sellers have to deposit documents and money with a neutral third party to be held. When certain conditions agreed upon by both buyer and seller are met, the third party (the "escrow holder") then distributes the documents and the money.
So after your offer has been accepted, you
and the seller must agree on an escrow or settlement company to act as
an independent third and ensure that each party receives what is due to
them. Since this is a very important task to both you and the seller,
you must both agree to the company and the fees they charge.
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Last Updated ( Tuesday, 29 July 2008 )
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