Both buyer and seller deserve the assurance that funds or property will not change
hands until all Purchase Contract instructions are satisfied. Buyers and sellers
submit signed documents, and the buyer’s deposit money is held by an independent
neutral third party - Escrow.
California Escrow Law Section 17003 of the Financial Code defines escrow as a
deposit of funds, a deed or other instrument by a party for the delivery to another
party upon completion of a particular condition or event.
The principals to the escrow are the buyer, seller, lender and borrower. The
principals cause escrow instructions to be created, signed and delivered to the
escrow officer.
The selection of the escrow holder is normally done by agreement between the
principals. Bankers Group affords the consumer the best possible escrow services
without any compromise caused by a person receiving a referral fee.
What is an Escrow Account?
An escrow account is a fund established by your escrow officer for the lender. The
fund is used to pay property taxes and hazard insurance due on your home during the
duration of the loan. In this way, the lender uses the escrow account to guard its
investment in your home.
We are Bankers Group located in Southern California.
We are licensed by the California Department of Real Estate as a commercial
mortgage broker and conventional Single Family Residence (SFR), commercial and
hard money lender.
Our programs include conventional loans, refinance, commercial mortgage loans, no
document loans, stated income loans, home equity lines of credit (heloc), home
equity loans (heloans) and no income, no asset verification loans. We also do hard
money loans on houses, commercial properties and land. In addition, Bankers Group
can help California home buyers and home owners find first and second mortgage
loans.
Whether you are looking for real estate in Anaheim Hills, Orange County, Topanga,
Venice, Santa Monica or elsewhere in Southern California, we are able to assist you
in your home purchase.
Lea Levy is our loan closer and escrow officer. If you have questions about your
loan closing process, title documents, or funding requirements, please contact Lea
directly at: 818-226-6107.
