Prominentescrow

An escrow means hiring a trusted third party responsible for the receipt of monetary resource and documents for the real estate transaction until all the legal activity is done and later handover to the receiving party.

Foreclosure is a legal procedure that is employed by the lender after the single missed payment from the borrower.The lender recover its amount by selling the property that is used as a security for the loan. This process varies depending on the state.

Escrow services are used at the time of sale of property where buyer and seller hire a third part escrow professional who ensures that no transfer between parties held before all the legal formalities are met related to transfer. Escrow services ensure security of both buyer and seller.

The process of foreclosure in real start begins when a lender missed the payment of loan to borrower and in this case the borrower can recover the amount of money lend by the sale of property or anything that is used as security at the time of loan.

Escrow is a process in which a third party called the escrow holder manages the fair and equitable transfer of a property from a seller to buyer. Escrow ensures the activities related to funds, documents and instructions required to transfer the property.