Guaranty Escrow, Inc. The Escrow Process is Necessary, but Not Complicated
	What is Escrow?
	In California, once a buyer and seller commit to performing a real-estate transaction, the process goes through escrow. Escrow is the process where the comitted funds are held by a third party (the escrow company) while all other required activities agreed on by both parties are completed.  Such activities may include inspections, repairs, the search for and clearing of any liens (third-party claims) on the property, and other activies. Once all activities have been completed per the instructions, the escrow is finished, or closes, and the transaction is completed. Escrow is managed by a third party - typically an independent and neutral escrow company.  The escrow company used is determined by the choice and agreement of both parties (buyer and seller).  However, often times neither party is well-versed as to what companies may be available, and what their reputations are.  As a result, the real estate agent or lending agent may recommend an escrow company that it prefers to use. For more information, visit the Escrow Institute of California where you can find detailed information regarding the escrow process.