Blog :: 10-2019

What is an Escrow with Magnus Title

Webster's vest pocket dictionary defines ESCROW as: "Deposit to be delivered upon fulfillment of a condition." As an escrow holder, Magnus Title Agency's duty is to act as the neutral third party. We hold all documents and all funds, pursuant to the purchase contract and escrow instructions, until all terms have been met and the property is in insurable condition. We do not work for the seller or for the buyer; rather, we are employed by ALL parties and act only upon MUTUAL WRITTEN INSTRUCTION.

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