Double Escrow is sometimes referred to as a “Concurrent Closing”. It means that there are two transactions which are being conducted at the same time by two different Buyers. They are conducted in such a way that they also have to be completed on the same day. However, it is important to note that the two transactions are each independent on its own. The two Parties have to pay the amount separately, and the amount paid for the first deal cannot be used for the second one.
At Parkfield Escrow, Double Escrows can be a very complex transaction that not many people will understand, but with the help of our professional expertise, we will guide you throughout the process. We will take care of all the technicalities; all you have to do is provide the documents that are required and the funds. Your presence will be required during the transactions. There are only a few of our officers who engage in this kind of trade, but rest assured; our staff are the most professional Escrow agents in the entire Inland Empire. We do not rest until a deal is closed!
Schedule an appointment with us today – We will discuss the challenges that you are likely to face, the benefits of taking this route and then assist you with the transaction process. The two Parties that are involved have to come to an agreement too, all which must be written down for future reference. In the event that there is no agreement, or all the documents are not available, or there is a payment that has not been received, a Double Escrow transaction cannot be closed. Make sure you are prepared for a smooth transaction by calling Parkfield Escrow today.