LIVE HELP! RE/MAX
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RE/MAX Listings
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| CALL US TOll FREE FORM USA 1- 866 9788400 FROM CANADA DIAL (780) 628- 5323 OFFICE PHONE: 01 (322) 221 37 82 OFFICE ADDRESS: Politecnico Nacional No. 78 Int. 101 A un costado de Liverpool 48354 Puerto Vallarta, Jal. México |
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International Escrow Services in Puerto Vallarta
Funds held in Trust
First American Title Insurance Company is the second largest title insurer in the world, with revenues of $8 billion. First American has an international escrow account arranged through a major US bank based in Miami, Florida to securely hold deposits, proceeds from sales, and/or purchase funds.
As an independent escrow agent, First American will only disburse funds pursuant to your instructions. Your funds held in trust by First American will be used as directed by you, giving you peace of mind and security.
First American, pursuant to your instructions, will disburse the funds to pay mortgages, real estate commissions, taxes due at closings, closing fees, notary fees, and/or the purchase price.
A secure placement of your funds in Escrow with First American allows both the seller and the buyer to know that the cash will be available at the time of closing.
First American Title Insurance Company can act as:
• Custodian of funds
• Disbursement agent
• Neutral third party guaranteeing the availability of funds
FREQUENTLY ASKED QUESTIONS
• What do I need to open an Escrow?For First American to act as escrow agent on a real property transaction, the Company requires an Escrow Agreement signed by both Buyer and Seller.
• How much does the Escrow service cost?
Our Escrow fee is a one-time fee of $550 USD and includes up to 10 disbursements. This is a non-refundable fee.
• How long can we have Escrow open?
The Escrow remains open until the transaction closes and all funds are disbursed.
• How are the funds disbursed?
At closing, First American is provided with a letter of disbursement itemizing amounts and names of payees signed by all parties to the Escrow, along with satisfaction of all contingencies of the Escrow. First American requests wiring instructions on the letter of disbursement in order to expedite payments. The payments may be completed by wire transfer, certified check, and/or First American check.
• Do I receive interest?
No, the account is non-interest bearing. However, an interest bearing account may be available at an additional cost.
