Earnest Money Escrows and Joint Orders
The initial deposit of funds made by the buyer, earnest money, is made as a good faith gesture to the seller when a purchase contract is signed. This justifies the seller taking the property off the market until closing. It is important that an unbiased third party be selected to hold the earnest money until completion or termination of the transaction.
Attorneys and real estate principals have long considered Commercial Partners the preferred place to deposit client funds. We will open an escrow and hold those funds in a trust account for which investment is offered as an option. As the Escrow Agent, we hold the funds until written release and disbursement instructions are received from the buyer and seller.
With us, you can be assured knowing that:
- Your transaction will be expertly handled by an experienced staff, highly recommended in the industry
- Your funds will be safeguarded and available when needed
- Any issues will be handled quickly
- Agreed upon escrow instructions will be followed to the letter
We take pride in managing our customers’ commercial real estate transactions efficiently and accurately. Put our commercial team’s institutional knowledge to work for you!