You pay one premium only - your protection and peace of mind last as long as you and your heirs remain in ownership. Pacific Northwest Title is the only locally owned title company based in Seattle and we understand the intricacies of property titles in Washington. As an employee-owned company, we feel that we provide the highest level of service to our insureds and the real estate professionals in the Puget Sound Area. You can count on Pacific Northwest Title to protect a very important asset - your home. An escrow is an arrangement in which a neutral third party, called an escrow closer, holds legal documents and funds on behalf of a buyer and seller, and distributes them according to the buyer's and seller's instructions.
People buying and selling real estate often open an escrow for their protection and convenience.
An escrow is convenient because both parties can move forward separately but simultaneously in providing inspections, reports, loan commitments and funds, deeds and many other items, using the escrow closer as the central contact point. If the instructions from all parties to an escrow are clearly drafted, fully detailed and mutually consistent, the escrow closer can take many actions on their behalf without further consultation. This saves much time and facilitates the closing of the transaction. An escrow closer must remain completely impartial throughout the entire escrow process. This is meant for the benefit of all concerned, since the escrow closer must follow the instructions of both parties without bias.