The probate escrow process usually involves many stages including court approval. It is very important to work with an escrow company that has experience handling the often complicated probate escrow process. Because your choice in escrow company can have a major impact on the outcome of your probate transaction, it is imperative to choose an expert, full-service escrow company like New Era Escrow.
Probate Escrow
PROBATE ESCROW SERVICES
When someone dies, their estate must typically go through probate, a legal process through which any existing will must be proven valid, property is identified and inventoried, outstanding debts and taxes are paid, and property is distributed according to the will. In the absence of a will, a judge will decide how assets are distributed based on state law.
Unfortunately, probate does not always proceed smoothly. Title-related problems are one of the most common issues that affect the transfer of real estate in probate cases. Sometimes, a title is vested differently than heirs expect. For example, a spouse, former spouse, or other relative may have an ownership interest in the property. This issue can sometimes be resolved fairly quickly by filing an affidavit death of joint tenant, but it can also lead to very costly delays. It is important to have and experienced escrow company manage all the complexities associated with a probate sale and to ensure the probate escrow services are handled correctly and efficiently.
Probate Escrow Process
The escrow officers at New Era Escrow have years of experience managing probate and ownership challenged escrow transactions with a proactive approach that is designed to spot potential problems and work quickly to resolve them. Never underestimate the complexity and potential issues of a probate transaction or assume that any escrow officer can handle the transaction. Because too much can go wrong with any probate real estate transaction, trust in New Era Escrow for the knowledge and experience you need for a problem-free transaction.
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NEW ERA ESCROW TODAY!
New Era Escrow handles all aspects of probate escrow transactions.
- Provide full-service escrow management of your ownership challenged or probate transaction.
- Respond quickly to any and all communications.
- Keep all parties informed of the escrow progress.
- Utilize a proactive approach to identify and respond to any roadblocks.
- Prepare escrow instructions.
- Prorate taxes, dues, and utilities.
- Instruct the title company when it is time to record documents.
- Prepare settlement statements.
- Remain in compliance with all local, state, and federal real estate regulations.
- Obtain documentation to clear liens.
- Order disclosures, reports, documents, and pay-off demands.
- Disperse funds and documents to close escrow.
You probably cannot afford the costly delays that can result when something goes wrong with a probate or ownership challenged escrow transaction. Count on New Era Escrow for professional services, due diligence, and decades of experience handling even the most complex probate cases.
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NEW ERA ESCROW TODAY!