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Escrow Account

Escrow Account

Publication date: 11 Jun. 2008

This is the second part of an interview between Thomas Lloyd of TOPMexicoRealEstate.com and Ivan Castillo of Stewart Title. In this second part of the interview, Ivan discusses the benefits of an escrow account in a Mexico real estate purchase. An escrow account is a safe form of depositing and holding large payments, with exact instructions included as to when these funds can be released to the seller. Stewart Title offers this service, advising buyers on payment terms.   Thomas and Ivan continue, discussing the benefits of title research and title insurance. Both are necessary steps for the buyer, ensuring that the legal status of the property is such that it can be legally acquired by the buyer without outstanding financial obligations, etc. Ivan explains some of the process, as well as time line and benefits of this service.   TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely

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