Escrow Account

Advantages

  • Safety of real estate buying-selling transactions
  • Guarantee of strictly, upon destination, use of amounts
  • Refund of full amount in the event of transaction failure

Characteristics

It represents a deposit-guarantee account, replenished by the buyer / depositor with funds destined for the seller, which will be transferred to the latter after the registration of ownership by the Territorial Cadastre Office.

How does it work?

1

Concluding of Escrow agreement

  

2

Opening of Escrow account

  

3

Depositing of funds in the Escrow account

4

Fulfillment of predetermined conditions

  

5

Payments from the Escrow account

6

Closing of Escrow account

   

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