What is Escrow?

In legal terms, escrow is a type of legal holding for items that cannot be released until predetermined conditions are satisfied. Usually, the items are held in escrow for your home purchase are:

  • The Property Itself
  • Money for your down payment
  • Title To the Property

What Patriot Title Does

As an Escrow Agent, Patriot Title acts as a neutral third part to collect the required funds and documents involved in the closing process. This includes:

  • The Initial Down Payment
  • Loan Documents
  • The Signed Deed.

Patriot Title will hold the items in Escrow in trust while a transaction is finalized or a disagreement is resolved.