When do you Need an Escrow Company?

1. When do you Need an Escrow Company? While escrow is typically associated with real estate it may extend to other financial transactions. In a contract between two parties, the escrow company acts as the third and trusted party which holds valuable assets until the whole transaction is completed. The escrow company is basically needed whenever there is a huge financial transaction between two parties, especially related to real estate or its sale. The helps in minimizing the cases of misinterpretation, fraud, and confusion. Following are the reasons you may need an Escrow Company:- a. Keeping a record of all the transactions that have occurred between both the parties. b. Building trust between two unfamiliar parties and keeping a check on all the activities. c. Holding the deeds or the documents, until the contract is not completed. is an escrow company in Albuquerque which safeguards the funds and/or documents. For any kind of queries, call us now on 505-237-2225 or visit us online. Escrow Company Sunwest Escrow Address: 10600 Menaul Blvd NE Albuquerque, NM 87112 Phone: 505-237-2225