Simply put, an escrow is a legal arrangement where a neutral third party is trusted with money or goods until a contract is legally satisfied. We act as the middle man between the buyer and the seller to ensure that both ends of the agreement are met before the money, or goods, are disbursed.

An Escrow Attorney is not an attorney for either party.

Typical escrow arrangements are preformed as follows:

 

1. Buyer & seller agree to contractual terms

Either the buyer or seller contacts an escrow attorney.

Both parties agree to the terms of the legally drafted escrow agreement.

The Buyer is provided the Escrow Attorney's banking information, and the seller gives the Escrow Attorney its banking information.

2. Buyer pays Escrow Attorney

The Buyer submits a payment by approved payment methods. The attorney verifies the payment. Both the buyer and seller are notified that funds have been secured in a Trust account.

3. A deposit is paid or the seller ships merchandise to Buyer

Upon payment verification, the Seller may require an initial deposit or may send the merchandise and submit proof of shipment.

4. Buyer & seller sign a release of funds agreement to Escrow Attorney

The Buyer & seller sign an agreement allowing for the release of all or any part of the funds.

5. Escrow Attorney pays the Seller

The funds are released to the seller from the trust account.

Once the process is complete everyone walks away with the goods, or fund that they were promised.

We at Abady Law Firm work as escrow attorneys for all kinds of interactions, excluding real estate. If you have goods you are looking purchase but want to ensure they are of the quality you are expecting hire an escrow attorney to act as the middle man.

We Help You Facilitate Better Business

Work with our firm to develop economical strategies and implement a system that facilitates business and avoids international problems.