Escrow exists as a neutral entity that helps parties finalize a housing purchase. Think of it like a storage unit that doubles as a safety net. The escrow keeps all documents and funds in custody until the home is sold safely and legally. Both the buyer and seller are involved in escrow, but the one
It can be intimidating to buy a new home, especially if it is your first time. There is a lot of information to learn. Plus, it’s a huge investment that you don’t want to mess up. Did you know there are several different types of mortgages? You’ll want to start to review the types of
What are escrow accounts and how do escrow accounts work?, Before we can get into the details, let’s first define what escrow is. Escrow is a process that takes place during the home buying process. Think of it as a form of safekeeping. So, between the time of a purchase agreement and the closing of
Here at New Venture Escrow, we are dedicated to making the real estate process as easy as possible for you! Part of that means coming up with new technologies with all the tools necessary to navigate a real estate transaction right at your fingertips. VentureTrac 4.0 It is basically a way to have all your
With the year coming to a close and COVID-19 taking a toll on the entire economy, you may be wondering how it has been affecting the housing market and what the new year has in store for the industry. Well, the housing market has remained strong, while picking up some different trends than previous years.