Additional Escrow Services

Escrow Agents in Newport Beach, CA

If you're looking for an experienced escrow officer in Newport Beach, CA, look no further than Freedom Escrow. Our team of agents have over 100 years of combined experience and are available to answer your questions by phone! You can turn to us for escrow services for a variety of transactions. Give us a call today to request a free consultation and a free quote!

Handling All Your Escrow Needs

Freedom Escrow has been a family-owned company for more than 50 years. Our experienced escrow officers have the knowledge and experience to assist with many kinds of escrow transactions. In addition to residential and commercial escrow services, we can also help with the following:

Short Sale Escrow

This type of transaction occurs when the seller owes more against the property than what they can sell it for. A negotiated payoff with the lenders is required to close the transaction.

Refinance Escrow

Refinancing takes place when the property owner wants to improve the existing loan or place a new loan on the property if it's free and clear. Throughout a refinance escrow, the existing property owner is referred to as "the borrower."'

REO and Foreclosure Escrow

Real estate owned is abbreviated as "REO." It is sometimes called "foreclosure," "bankruptcy," or "corporate owned."  When a financial institution, such as a bank, takes a property back from a borrow by the act of foreclosure via the conveyance of a Trustee's Deed, this is considered an REO. The financial institution then lists the property with an agent and sells it to a buyer.

Exchanges and 1031 Tax-Deferred Escrow

This type of escrow applies to investment properties only and has to do with IRS tax ruling 1031. When an investment property owner wants to sell a property they've held for more than a year, they become eligible to re-invest the property using the method of a 1031 tax-deferred exchange.