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Is
Your Escrow
Money Safe? |
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All Escrow Companies
Are Not Created
Equal In California! |
In California, only Department of
Corporation licensed, independent escrow companies (whose sole
business is doing escrows) are required by law to: |
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Safeguard trust account funds against theft or
embezzlement. This includes your buyer's deposits and
seller's proceeds!
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Maintain minimum liquidity and net worth requirements
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Obtain certificates for each employee (which requires
extensive background checks).
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Conduct annual, independent audits of general and trust
fund accounts.
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Have an onsite manager with a minimum of five years escrow
experience.
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When recommending escrow services,
select the company that not only offers a high level of
expertise in their sole source of business- escrow - but also
provides to you and your client the peace of mind that comes
from knowing their funds are protected. |
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