Multi-Unit

MULTI-UNIT ESCROW SERVICES

Multi-unit or multi-family properties have become increasingly popular with real estate investors. While owning a condo or single-family home as a rental property runs the risk of 100% vacancy if the tenant moves out, a multi-family property virtually guarantees there will always be some income. Investors with limited cash or leverage may also find it easier to purchase smaller, multi-unit or multi-family properties or even live in one unit while renting out the others to cover the loan payment.

Multi-Family Escrow Transactions

Choosing the right escrow company plays an important role in ensuring that your real estate transaction is successful and complete. These multi-unit escrow transactions require a different approach than a regular residential purchase and it is crucial that your escrow officer is well-versed in handling this type of escrow service. At New Era Escrow, our escrow officers have decades of experience handling all types of multi-unit escrow transactions with the experience and dedication necessary to avoid delays.New Era Escrow handles all aspects of multi-unit escrow transactions.

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New Era Escrow today!

We will:

  • Offer escrow management services.
  • Provide a proactive approach to avoid delays and issues during the escrow process.
  • Maintain the accountability and security of documents and funds.
  • Coordinate and respond to all communications.
  • Execute escrow instructions.
  • Comply with local, state, and federal regulations.
  • Keep all parties informed of the escrow progress.
  • Inform the title company to record documents when needed.
  • Order reports, disclosures, and documents as needed.
  • Disperse funds and documents to close escrow as authorized.

Multi-Unit and Multi-Family properties come with its own set of challenges when it comes to successfully closing escrow. Rely on the expert services of New Era Escrow to ensure your transaction is properly managed with diligence and attention to every detail.

Contact

New Era Escrow today!