When you receive an offer, it is time to open escrow.
Colonial Title LLC will securely hold your buyer’s earnest money while the transaction details are finalized and you prepare for closing. We will work as a neutral third party to ensure that you are protected and compensated for your sale.
Five reasons you need us as your neutral third party:
1. Experience with small as well as large business transactions
Colonial Title LLC handles both small and large business transactions effectively. We provide tailored solutions for every transaction, coordinating with third-party lenders, franchisors, debtors, landlords, and other involved parties. Our team offers support and resources even after the closing.
2. Simple and flexible fee schedule.
Our basic escrow package is based on a published fee schedule and includes core services like tax and corporate status searches, preparation of escrow instructions and settlement statements, collection and disbursement of funds at closing, and more. This allows you to plan and prepare based on known costs, rather than worrying about hourly billing or unknown expenses. Upon request, we can provide an estimate of your closing costs ahead of your scheduled transaction.
3. Account servicing.
If you prefer to have a neutral third party handle servicing on your seller financing note, we offer account services including account set-up, monthly payment disbursements, and UCC-3 termination and release filing upon completion of the note terms.
4. Prorations
We will prepare settlement statements before closing that include the proration of items you have already covered, ensuring you are compensated for utility and lease deposits, prepaid contracts and leases, taxes, etc. as required by your transaction.
5. Attorney-prepared closing documents.
When we close your purchase, we will have the specific legal documents prepared that are required to complete your transaction. Our negotiated rates with our escrow attorney will save you money on your closing documents.
At Colonial Title LLC, we understand the needs of buyers and sellers because we are buyers and sellers ourselves.
