Our Mission
Savvy Consumers Know
Savvy Consumers Know
Our mission is to provide each client with an easy, private, and professional escrow experience.
Savvy Consumers Know
Savvy Consumers Know
Savvy Consumers Know
Independent, licensed escrow companies are the first line of defense for home buyers and property owners. Savvy real estate consumers know that buying or selling of property doesn’t stop with finding the right buyer or the right investment, you need an experienced escrow company. And yet, escrow remains one of the least understood elements of the real estate process.
We are the Best
Savvy Consumers Know
We are the Best
Licensed escrow companies are a consumer’s best bet for safeguarding their funds. That is why it’s so important to work with an escrow officer who has met strict licensing requirements of the California Department of Corporations and has undergone a background check and fingerprinting by the Department of Justice.
Services
Southern California Escrow Inc. is proud to offer our services in the following areas:
- Residential sales, purchases
- Refinances, homes, real property
- Loan escrows
- Short sales
- Assumptions
- Tracts
- REOs
- 1031 Exchanges
- Reverse mortgages
- HELOCs
- Manufactured home refinances, sales, resales, and loans
Management has minimum 5 years experience in escrow.
Membership with Escrow Agents Fidelity Corporation that provides a $5 Million Dollar fidelity bond.
Licensed with the Department of Financial Protection and Innovation
Licensed with the Department of Financial Protection and Innovation
Membership with Escrow Agents Fidelity Corporation that provides a $5 Million Dollar fidelity bond.
Licensed with the Department of Financial Protection and Innovation
Membership with Escrow Agents Fidelity Corporation that provides a $5 Million Dollar fidelity bond.
Membership with Escrow Agents Fidelity Corporation that provides a $5 Million Dollar fidelity bond.
Membership with Escrow Agents Fidelity Corporation that provides a $5 Million Dollar fidelity bond.
Monthly reconciliation review of financials. Annual in house audit. Surprise examinations by DFPI.
Monthly reconciliation review of financials. Annual in house audit. Surprise examinations by DFPI.
Membership with Escrow Agents Fidelity Corporation that provides a $5 Million Dollar fidelity bond.
ALL employees background checked by DBO and Department of justice.
Monthly reconciliation review of financials. Annual in house audit. Surprise examinations by DFPI.
Financial stability requirement with minimum financial liquidity requirements.
Financial stability requirement with minimum financial liquidity requirements.
Monthly reconciliation review of financials. Annual in house audit. Surprise examinations by DFPI.
Financial stability requirement with minimum financial liquidity requirements.
True natural 3rd party. DRE Broker owned escrows have interest in clients transaction.
True natural 3rd party. DRE Broker owned escrows have interest in clients transaction.
True natural 3rd party. DRE Broker owned escrows have interest in clients transaction.
FAQ's Frequently Asked Questions
What is escrow?
“An escrow is a deposit of funds, a deed or other instrument by one party for the delivery to another party upon completion of a particular condition or event" - The California Escrow Law - Section 17003 of the Financial Code
Why do I need an escrow?
The buyer, seller, lender, and borrower, all want the assurance that no funds or property will change hands until ALL of the instructions in the transaction have been followed. The escrow holder has the obligation to protect the funds and/or documents while they are in the possession of the escrow holder, and to disburse funds and/or convey title only when all provisions of the escrow have been complied with.
How does escrow work?
The principals to the escrow - buyer, seller, lender, borrower - cause escrow instructions, most usually in writing to be created, signed, and delivered to the escrow officer. If a broker is involved, he/she will normally provide the escrow officer with the information necessary for the preparation of your escrow instructions and documents. The escrow officer processes the escrow, in accordance with the escrow instructions, and when all conditions required can be met or achieved, the escrow will be “closed”. Each escrow is unique.
What does an escrow officer do?
“The duties of an escrow holder include: following the instructions given by the principals and parties to the transaction in a timely manner; handling the funds and/or documents in accordance with the instruction; paying all bills as authorized; responding to authorized requests from the principals; closing escrow only when all terms fund in accordance with instructions and provide an accounting for the same.“ - Closing Statement / HUD1
Who chooses the escrow company?
The selection of the escrow holder is normally done by agreement between the principals. In a refinance, the loan broker may recommend an escrow. If a real estate broker is involved in a sale/purchase transaction, the listing broker typically (in Southern California) recommends an escrow holder. However, it is the right of the principals to agree on the escrow holder and use an escrow company who is competent and experienced in handling the type of escrow at hand. To insure the best possible service without hidden costs or fees - the law prohibits the payment of referral fees to anyone.
Helpful Links
Department of Financial Protection and Innovation
Department of Financial Protection and Innovation
Department of Financial Protection and Innovation
1031 Exchange Information
Department of Financial Protection and Innovation
Department of Financial Protection and Innovation
U.S. Department of Housing and Urban Development
Department of Financial Protection and Innovation
U.S. Department of Housing and Urban Development
Internal Revenue Service
Your Property Tax Information
U.S. Department of Housing and Urban Development
Your Property Tax Information
Your Property Tax Information
Your Property Tax Information
DFPI vs DRE Escrows
Contact Us
Better yet, see us in person!
We love our customers, so feel free to visit during normal business hours.
Southern California Escrow Inc.
24660 Madison Avenue, Murrieta, California 92562, United States
Hours
Open today | 09:00 am – 05:00 pm |
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