Escrow is a legal arrangement where an asset is delivered to a third party (called an escrow agent) to be held in trust pending a contingency or the fulfillment of a condition or conditions in a contract such as payment of a purchase price. Upon that event occurring, the escrow agent will deliver the asset to the proper recipient.

Our law firm offers escrow account services to facilitate the process in the property acquisition transaction. After money is wired into our escrow account, the bank issues and irrevocable letter of credit in favor of the seller, on behalf of the buyer, This document guarantees payment and is given to the seller at moment of the signature of the contract, but the seller does not get paid until the property is registered under your name, making it the safest way to buy a property. (Contact us for further information).