Protecting your assets is undoubtedly something that should not take your sleep away. Fortunately, there is a legal figure that guarantees the proper execution of a financial operation, within a framework of trust, in which the parties involved are completely satisfied.
Broadly speaking, escrow means that a financial instrument or an asset is deposited with a third party acting on behalf of those involved to complete a transaction.
Because your peace of mind comes first, here are 5 reasons for you to hire an escrow service that will save you a lot of headaches:
1.- The escrow is a trusted entity that guarantees the completion of a transaction.
2.- Your funds or assets are kept as a guarantee or safeguard until the obligations established in the contract are fully fulfilled.
3.- Through this figure, the notary can carry out the pertinent verifications of the potential acquisition of a real estate.
4.- The escrow assures the seller that the buyer has the capacity to carry out the transaction.
5.- The buyer has the security of recovering his investment if, in his defect, the transaction is not carried out for any circumstance.
An extra point:
Escrow is a win-win for both parties, since they keep their interests safe thanks to this custody or guarantee service. In addition, the entire process is streamlined.
At Mexlend, escrows can be made in different currencies: US dollars, Canadian dollars, Mexican pesos or euros.
Living in Mexico can be a dream come true. Contact us if you need help buying a house in this country and we will support you.
With 14 years in the Mexican market, MEXLend’s experience in the world of business and Real Estate is unparalleled.
MexLend is the most experienced residential mortgage broker in Mexico. We will accompany you in the process of buying a home, which includes obtaining home loans and escrow services anywhere in Mexico.
