Escrow Services in Corpus Christi

The majority of what The Law Office of Jacyr Heil provides is escrow services. The real estate closing can at time be a long and drawn out process.  But once you have decided to purchase a property, you want to ensure there are no foreseeable problems that could hinder or be cause to lose the property.  

Our escrow officer can help. By taking full advantage of our escrow services,  the monies set aside for closing can be set aside in escrow account. We will make sure that money is available to only be used for the closing costs on the property. It’s one more way to make sure your purchase goes smoothly. Contact us today for more information.

What is Escrow and how does it work?

The can be a certain level of uncertainty in real estate transactions.  Escrow is a financial arrangement where a third-party holds funds and regulates payments for the parties involved. Keeping your money in an escrow account with a neutral party reduces your risk by making transactions more secure.  Escrow ensures that your transaction is protected against chargebacks, fraud or wrongly described goods.

In the situations in which there are large amounts of money involved, escrows are very useful.  A certain number of obligations need to be fulfilled before a payment is released – like in real estate transactions. When an offer is made on a property, the funds are placed in escrow until the buyer and seller negotiate a contract and close the deal. Once the escrow agent collects the funds from the buyer, the seller will take the property off the market.  Is is not until the final exchange is completed that both the seller’s property and the buyer’s deposit are said to be in escrow.