Commercial
Commercial
Escrow Settlement
Commercial Escrow Settlement involves the transfer or encumbrance of property other than residential, such as an office building, apartment complex, retail centers, industrial properties and note sale transactions. Ultra Escrow recognizes that there are unique needs for the handling of commercial real estate escrow and note sale transactions.
Frequently a transaction will become complex and the escrow officer is the only person who has a grasp of the entire transaction and all closing requirements. Commercial escrow transactions require unique skills on the part of the settlement agent.
Our professional and skilled agents provide escrow settlement services that makes the transaction convenient for all parties involved.
We manage all details of the commercial real estate and note sale transaction closings:
- Manager. We completely manage and act as a neutral third party to close the transaction within the guidelines of the contract while serving as a depository for all closing documents and funds.
- Title Report. We request all Commitments on the property that will show all liens and encumbrances
- Process. We process and coordinate documents and funds.
- Communication. We keep parties informed on the progress of the escrow process.
- Response. We promptly respond to all questions during the course of the transaction to include buyer, seller and lender's requirements
- Secure Finance. We ensure security and accountability of monies owed and owing. We offer several disbursement options including wire transfers
- Conditions. We secure release of conditions.
- Approvals. Obtaining approvals of reports and documents from the parties as required.
- Financial Analysis. Prorating and adjusting dues, taxes, rents, etc.
- Record. We assist in recording the deed, deed of trust and other recordable documents
- Disburse. We perform all the disbursements in the file and follow disbursement instructions of all parties to insure a seamless closing and circulate the final settlement.
- Close. We ensure all documents, titles, reports and funds are securely closed.
- Signing. We aid in setting up the signing of documents with a notary public and have a network of notary’s nationwide making signings convenient for our customers
