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Ballard
Escrow Inc.
5900 24th Ave NW
Seattle, WA 98107
Tel 206 781 1002
Fax 206 781 1025
email
Business Opportunity Transactions
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What is the role of the Escrow Agent in a purchase
and sale transaction?
The Escrow (or Settlement) Agent is specifically
non-partisan, and has one primary purpose - to close the transaction according to
the terms of the purchase and sale agreement. This involves clearing title, acting
as intermediary among various interested parties, facilitating the signing of all
closing and lender documents, receiving and disbursing funds, and recording the appropriate
vesting and security documents.
Ballard Escrow has the experience to protect the legal rights of both the buyer and
the seller. The benefit of using an Escrow Agent with attorneys on staff lies in
the training and expertise available to spot legal issues that exist or may arise
in the future. Because of this, both buyer and seller are alerted to potential problems,
so that the issues may be resolved before they become costly legal problems.
Purchase and Sale transactions often become very complicated. Numerous interested
parties, outside of the buyer and seller, often become involved in the closing process.
These parties include lenders, other attorneys, family members, guardians, trustees,
personal representatives, government agencies, creditors and lien holders, to name
a few. Ballard Escrow has extensive experience and enjoys the challenge of handling
even the most complicated transactions
We take pride in ensuring that the parties are fully informed during the closing
process and clearly understand the legal implications of the closing documents. We
take the time to work with the buyer and the seller to explain the process so that
in the end, both parties are satisfied.
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