Straight Up Mortgage Talk

The Hidden Secrets of Escrow Explained

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In this week's episode, Tim speaks with Nancy Silberberg, President and Senior Escrow Officer at Atlus Escrow. 

If you've ever had any questions about escrow, here are your answers! 

  • So in a nutshell, what is escrow, what purpose do they serve in a Real Estate transaction?
  • When a borrower enters into escrow, they put a deposit in escrow, what is that for?
  • During the escrow a borrower fills out a form for title called a statement of information, what does title use this for?
  • What are escrow instructions?
  • What does the escrow do to close out the transaction?
  • What is important to cover that I did not ask about?
    • ...more
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    Straight Up Mortgage TalkBy Tim Harrison