• What is TraderOnlineSafe?
Very simply defined, an escrow is a deposit of funds, a deed, or other instrument by one party for the delivery to another party upon completion of a particular condition or event.

• Why do I need TraderOnlineSafe?
Whether you are the buyer, seller, lender, or borrower, you want the assurance that no funds or property will change hands until ALL of the instructions in the transaction have been followed. The escrow holder has the obligation to safeguard the funds and/or documents while they are in the possession of the TraderOnlineSafe holder, and to disburse funds and/or convey title, only when all provisions of the escrow have been complied with.
Be sure to choose an independent licensed escrow provider, who is 100% neutral, licensed by the Department of Corporations (DOC), requiring adherence to the most stringent standards in the industry and whose sole business is providing escrow.

• How does TraderOnlineSafe work?
The principals to the escrow (i.e. buyer, seller, lender, borrower) cause escrow instructions, most usually in writing, to be created, signed, and delivered to the escrow officer. If a broker is involved, he/she will normally provide the escrow officer with the information necessary for the preparation of your escrow instructions and documents.
The escrow officer will process the escrow, in accordance with escrow instructions, and when all conditions required in the escrow can be met, the escrow will be "closed." Each escrow, although following a similar pattern, will be different in some respects as it deals with YOUR property and the transactions at hand.
The duties of an escrow holder include: Following the instructions given by the principals and parties to the transaction in a timely manner; Handling the funds and/or documents in accordance with instructions; Paying all bills as authorized; Responding to authorized requests from the principals; Closing the escrow only when all terms and conditions have been met; and Distributing the funds in accordance with instructions and provide an accounting for same - the Closing or Settlement Statement.

• Who chooses the TraderOnlineSafe?
The selection of the escrow holder is normally done by agreement between the principals. If a real estate broker is involved in the transaction, the broker may recommend an escrow holder. However, it is the right of the principals to use an escrow holder who is competent, and who is experienced in handling the type of escrow at hand.There are laws that prohibit the payment of referral fees. This affords the consumer the best possible escrow services without any compromise or bias caused by a person receiving a referral fee.
What if the transaction isn't completed? Is my deposit refundable? Who pays the fees?
When a transaction fails to close, a cancellation agreement must be reached between parties. This cancellation agreement must be put in the form of a written instruction, just as your contract was. Since the deposit is part of the escrow contract, both the buyer and the seller must mutually agree to its disposition.
Instructions for the disposition if this deposit should include, among other things, provisions for the payment of charges incurred during the escrow. This would include fees and costs incurred by the escow holder and charges such as loan processing and title insurance fees as specified in the escrow instructions.