Avatar's Blog

» Understanding the Escrow Process

Posted on 1/17/2005
Once a hard money loan is ready to fund, the monies for the purchase or re-finance from the borrower's side of the deal must be placed into an escrow account for the sole purpose of helping to finance the deal. Avatar and other hard money lenders cannot issue the bridge loan without this critical piece.

If you're funding a deal, remember to have a reliable escrow company in place. If you're not aware of one, Avatar can recommend many excellent, low-rate escrow companies in the US.
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