Escrow Service
Use Terabank's Escrow Service to make sure your property transaction goes smoothly and safely.
What does Escrow service mean?
The risk of payment and transfer of ownership related to the purchase and sale can be reduced by a legal mechanism. Escrow is a service that the bank offers to insure the risk of payment and transfer of ownership. The funds of the parties participating in a specific transaction are recorded in the escrow account and the bank transfers the funds to the relevant party only after the obligations between the parties are fulfilled, or the bank receives the relevant instruction to release the funds.
Both individuals and legal entities, residents and non-residents, can use the escrow service.
Escrow is a service that the bank offers to insure the risk of payment and transfer of ownership.
The money from the sale is held by the bank until everything in the deal is compled, then it's released to the rightful person.
Anyone buying or sellin property, whether you're an individual or a company, can use Escrow Service to keep things safe.
