Are you navigating a real estate transaction and looking for a partner to ensure your funds and documents are handled with the highest level of security and precision?
What are Escrow Services in Real Estate?
Our professional escrow services ensure that they money (such as earnest money deposits and final closing funds) and the deed stay in a secure "holding tank" until all conditions of the sale are fulfilled. This prevents any party from being at a disadvantage or falling victim to fraud during the transfer of property.
Are you navigating a real estate transaction and looking for a partner to ensure your funds and documents are handled with the highest level of security and precision?
What are Escrow Services in Real Estate?
Our professional escrow services ensure that they money (such as earnest money deposits and final closing funds) and the deed stay in a secure "holding tank" until all conditions of the sale are fulfilled. This prevents any party from being at a disadvantage or falling victim to fraud during the transfer of property.
For Buyers:
It ensures that your money is not released to the seller until the title is proven clear and the property condition meets the contract's terms.
For Sellers:
It guarantees that the buyer actually has the funds to complete the purchase before you sign over your deed.
For Lenders:
It ensures that all liens are paid off and the new mortgage is properly recorded.
For Buyers:
It ensures that your money is not released to the seller until the title is proven clear and the property condition meets the contract's terms.
For Sellers:
It guarantees that the buyer actually has the funds to complete the purchase before you sign over your deed.
For Lenders:
It ensures that all liens are paid off and the new mortgage is properly recorded.
Understanding the mechanics of a real estate transaction and the process and requirements each county has for closings requires a clear look at what an escrow agent actually does. At Infinity Title Agency, we manage the complex workflow of legal and financial requirements to ensure the transfer of property is valid and secure.
DOCUMENT MANAGEMENT
FUNDS DISBURSEMENTS
Once the closing is finalized, we distribute funds to the seller, pay off existing mortgages, and cover commissions and recording fees.
CLEAR TITLE CONTINGENCIES
PUBLIC RECORDING
After all parties have closed, we record the finalized deed and mortgage with the county to officially document the change in ownership.
Understanding the mechanics of a real estate transaction and the process and requirements each county has for closings requires a clear look at what an escrow agent actually does. At Infinity Title Agency, we manage the complex workflow of legal and financial requirements to ensure the transfer of property is valid and secure.
DOCUMENT MANAGEMENT
FUNDS DISBURSEMENTS
Once the closing is finalized, we distribute funds to the seller, pay off existing mortgages, and cover commissions and recording fees.
CLEAR TITLE CONTINGENCIES
PUBLIC RECORDING
After all parties have closed, we record the finalized deed and mortgage with the county to officially document the change in ownership.
Enhanced Fraud Protection
We utilize the Qualia cutting-edge security platform for 256-bit AES encryption to protect your wire transfers and sensitive data from cyber threats.
Attorney-Backed Expertise
Our team is supported by in-house legal counsel, providing an extra layer of oversight that standard title companies often lack.
Virtual & Mobile Closings
Enhanced Fraud Protection
We utilize the Qualia cutting-edge security platform for 256-bit AES encryption to protect your wire transfers and sensitive data from cyber threats.
Attorney-Backed Expertise
Our team is supported by in-house legal counsel, providing an extra layer of oversight that standard title companies often lack.
Virtual & Mobile Closings
Frequently Asked Questions
Frequently Asked Questions
Typically, the real estate escrow process in Summit County takes between 30 to 45 days. This timeline depends heavily on the complexity of the buyer's mortgage loan, the completion of home inspections, and how quickly any contingencies (like local property point-of-sale inspections) are cleared.
In Ohio, the choice of a title and escrow agent is negotiated between the home buyer and seller, and is specified in the purchase agreement. However, real estate agents often recommend a trusted partner like Infinity Title Agency based on past success and reliability.
Escrow fees cover the cost of the agent's time to handle the complex paperwork, legal tracking, and fund distribution. Depending on the local Summit County requirements or the specific contract negotiated, these fees are often split 50/50 between the buyer and the seller. For more information on buyer vs seller costs, see our Who Pays For What resource guide.
If the transaction is canceled based on an unfulfilled contract contingency (such as a failed home inspection or financing denial), the escrow agent follows the instructions in the purchase agreement regarding the return of the earnest money deposit.
Yes! If you are selling or buying a home without a real estate agent, Infinity Title Agency specializes in independent escrow services for FSBO transaction in Summit County, Ohio. We provide the necessary neutral third-party protection to ensure the earnest money is held securely and the deed is recorded smoothly.
Typically, the real estate escrow process in Summit County takes between 30 to 45 days. This timeline depends heavily on the complexity of the buyer's mortgage loan, the completion of home inspections, and how quickly any contingencies (like local property point-of-sale inspections) are cleared.
In Ohio, the choice of a title and escrow agent is negotiated between the home buyer and seller, and is specified in the purchase agreement. However, real estate agents often recommend a trusted partner like Infinity Title Agency based on past success and reliability.
Escrow fees cover the cost of the agent's time to handle the complex paperwork, legal tracking, and fund distribution. Depending on the local Summit County requirements or the specific contract negotiated, these fees are often split 50/50 between the buyer and the seller. For more information on buyer vs seller costs, see our Who Pays For What resource guide.
If the transaction is canceled based on an unfulfilled contract contingency (such as a failed home inspection or financing denial), the escrow agent follows the instructions in the purchase agreement regarding the return of the earnest money deposit.
Yes! If you are selling or buying a home without a real estate agent, Infinity Title Agency specializes in independent escrow services for FSBO transaction in Summit County, Ohio. We provide the necessary neutral third-party protection to ensure the earnest money is held securely and the deed is recorded smoothly.
Contact us today to get started!
Contact us today to get started!
