Peninsula Title acts as an escrow agent for the transaction, which includes services like:
- Securely holding and handling funds related to the real estate transaction, ensuring a neutral and trustworthy intermediary.
- Holding important legal documents, including the deed and other closing documents, in escrow until all conditions of the sale are met, providing a secure and organized repository for essential paperwork.
- Verifiying that all conditions specified in the purchase agreement are met before releasing funds and finalizing the transfer of ownership.
- Serving as a central point of communication between the buyer, seller, lenders, and other involved parties, facilitating a smooth and transparent transaction process.
- Disbursing funds as per the instructions outlined in the agreement once all conditions are satisfied, ensuring that payments are made to the appropriate parties, including sellers, lenders, and any other stakeholders.