Brooklyn Center:6300 Shingle Creek Pkwy #310 Brooklyn Center, MN 55430
New Brighton:2633 Innsbruck Drive, Suite D New Brighton, MN 55112
Emailorders@prominentclosing.com
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Prominent Closing Services LLCEscrow
Services

PROMINENT Closing LLC. is a leading provider of escrow services and title insurance for the communities within Minnesota.
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Escrow Services

Escrow; Defined

The deposit of deed, bond, monies, contract or other written agreements with a third party to be delivered or used only upon performance or fulfillment of set conditions.

Escrow provides one central place where all funds and documents of a transaction may be deposited. It is a disinterested, independent third party who can perform these services within the limitations of a written contract, which protects both the buyer and the seller.

The escrow officer is ultimately responsible for the final settlement between the buyer and the seller. The officer handles the recording of required documents, the payoff of existing liens or mortgages, and prorating of real property taxes, lease rents, maintenance fees, and other property expenses.

The officer handles the intricacies of the transaction, providing you with the assurance that your interests are being protected.

A real estate transaction typically requires 30 to 45 days to complete, after a written contract containing all the terms and conditions of the sale of a property is signed by the buyer and the seller. After this contract is established, escrow is opened.

Once escrow is opened, the officer will order a title search of the property and order a payoff statement to establish if there are any liens or encumbrances against the property.

The officer will execute the necessary documents to complete both the title and payoff processes. After the conditions of the contract have been satisfied, all funds and documents are disbursed and the property is officially transferred to the new owner.

Call us
Contact us now!
Call 763-208-6847 or email orders@prominentclosing.com
Escrow Services

Escrow; Defined

The deposit of deed, bond, monies, contract or other written agreements with a third party to be delivered or used only upon performance or fulfillment of set conditions.

Escrow provides one central place where all funds and documents of a transaction may be deposited. It is a disinterested, independent third party who can perform these services within the limitations of a written contract, which protects both the buyer and the seller.

The escrow officer is ultimately responsible for the final settlement between the buyer and the seller. The officer handles the recording of required documents, the payoff of existing liens or mortgages, and prorating of real property taxes, lease rents, maintenance fees, and other property expenses.

The officer handles the intricacies of the transaction, providing you with the assurance that your interests are being protected.

A real estate transaction typically requires 30 to 45 days to complete, after a written contract containing all the terms and conditions of the sale of a property is signed by the buyer and the seller. After this contract is established, escrow is opened.

Once escrow is opened, the officer will order a title search of the property and order a payoff statement to establish if there are any liens or encumbrances against the property.

The officer will execute the necessary documents to complete both the title and payoff processes. After the conditions of the contract have been satisfied, all funds and documents are disbursed and the property is officially transferred to the new owner.

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Get in Touch

Come and visit our office or simply send us an email anytime you want!
HOURS: Mon-Fri 9AM-5AM
Brooklyn Center Office
6300 Shingle Creek Pkwy #310
Brooklyn Center, MN 55430
New Brighton Office
2633 Innsbruck Dr, Suite D
New Brighton, MN 55112
Contact
Tel: 763-208-6847
Fax: 952-400-8991
orders@prominentclosing.com
Facebook
https://prominentclosingservices.com/wp-content/uploads/2021/09/Prominent-Logo1-2-160x160.png

Get in Touch

Come and visit our office or simply send us an email anytime you want!
Brooklyn Center Office
6300 Shingle Creek Pkwy #310
Brooklyn Center, MN 55430
New Brighton Office
2633 Innsbruck Drive, Suite D
New Brighton, MN 55112
Contact
Tel: 763-208-6847
Fax: 952-400-8991
orders@prominentclosing.com
Facebook

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