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Susie Selig
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260-356-3911
260-519-0024
SusieSelig@
nessbros.com
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Why do I need escrow?

Whether you are the buyer, seller, lender or borrower, you want the assurance that no funds or property will change hands until all of the instructions in the transaction have been followed. The escrow holder has the obligation to safeguard the funds and documents while they have possession. The escrow holder then can disburse funds or convey the title only when all provisions of the escrow have been complied with.

How does escrow work?

The principals to the escrow: buyer, seller, lender or borrower: cause escrow instructions to be created, signed and delivered to the escrow officer.

The escrow officer will process the escrow, in accordance with the instructions. When all conditions required in the escrow have been met, the escrow will be closed. Each escrow, although following a similar pattern, will be different, as it deals with your property and the transaction at hand.

The duties of an escrow holder include; following the instructions given by the parties to the transaction in a timely manner; handling the funds and documents in accordance with the instruction given; paying all bills as authorized; responding to authorized requests from the agents; closing the escrow only when all terms funds in accordance with instructions. 

Protecting your largest investment.

Title insurance is not as well understood as other types of home insurance, but it is just as important. You see, when purchasing a home, instead of purchasing the actual building or land, you are really purchasing the title to the property - the right to occupy and use the space. That title may be limited by rights and claims asserted by others, which may limit your use and enjoyment of the property and even bring financial loss. Title insurance protects against these types of title hazards.

Other types of insurance that protect your home focus on possible future events and charge an annual premium. On the other hand, title insurance protects against loss from hazards and defects that already exist in the title and is purchased with a one-time premium.


Our Affiliated Title Service

Lime City Title Company, LLC