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.
“Opening Escrow” occurs when your REALTOR® brings in a fully executed contract with
your earnest money deposit.
Your escrow officer reviews the contract, receipts in the earnest money, orders the
commitment for title insurance, and prepares the documents required to close escrow. All of
the documents are double checked by your escrow officer.
For more information, reach out to Magnus Title Agency.