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When the decision is made to purchase a property, terms and conditions are established for the ownership transfer of the property. These terms and conditions are given to a third party known as the Escrow Holder. The Escrow Holder acts for both parties and protects the interests of each within the authority of the escrow instructions.
Your real estate agent will open the escrow for you. As soon as you execute your purchase agreement/joint escrow instructions, you agent will place your initial deposit into an escrow account with a closing company such as Nexus Escrow, Inc. To get started, click here.
NEXUS ESCROW, INC