Neutral Escrow With Attorney Oversight
ColoradoTitle provides written-instruction escrow for transactions in which funds or documents must be received, safeguarded, accounted for and released only when agreed conditions are satisfied.
Escrow services may be used for earnest money, business purchases, settlements, construction holdbacks, private loans and other appropriate transactions. The scope, account used, release conditions, dispute procedure and fee are established in a written agreement accepted by the parties.
When serving as escrow agent, ColoradoTitle acts as a neutral stakeholder and does not represent either party unless a separate role is expressly permitted and established by written agreement. Parties may consult independent counsel concerning the transaction or escrow instructions.
Earnest Money Escrow
For FSBO sales, vacant land, commercial property, seller financing and other private real estate transactions.
- Written escrow agreement or instructions
- Deposit receipt and confirmation
- Appropriate fiduciary account identified in the agreement
- Deadline and release-condition monitoring
- Release under the written instructions
- Final accounting
Starting at $295
Independent Attorney Escrow
For business purchases, asset sales, private loans, construction holdbacks, probate matters, family transactions and settlement agreements.
- Custom written escrow instructions
- Secure fund or document holding
- Condition and deadline monitoring
- Wire and disbursement coordination
- Multiple authorized disbursements when required
- Detailed transaction accounting
Starting at $750
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Why Use Attorney-Supervised Escrow?
- Written instructions tailored to the transaction
- A neutral stakeholder responsible for following the agreed release conditions
- Attorney experience with contracts, documentation and disputed conditions
- CPA experience with transaction accounting and financial documentation
- A clear record of deposits, authorizations and disbursements
Attorney Escrow FAQ
Why use an attorney as escrow agent?
An attorney brings legal training and experience with contracts, documentation and dispute avoidance that can be valuable when release conditions are more complex than a routine deposit.
Where are funds held?
Funds accepted for escrow are maintained in the appropriate fiduciary account identified in the written escrow agreement and handled consistently with applicable Colorado law and professional obligations.
Does ColoradoTitle represent either party?
Not in the neutral escrow engagement. Any separate attorney-client representation requires a separate written agreement, conflict review and a determination that the additional role is consistent with the escrow arrangement and applicable professional rules.
What happens if there is a dispute?
Funds generally remain in escrow until the parties provide joint written instructions or another basis for release exists under the escrow agreement or applicable law. If the dispute cannot be resolved, ColoradoTitle may use interpleader or another remedy authorized by the agreement or law.
Does ColoradoTitle issue title insurance?
No. ColoradoTitle is not a title-insurance company. When title insurance is requested or required for a real estate transaction, it is provided separately by a licensed title-insurance provider.
Discuss an Escrow Arrangement
To evaluate an escrow engagement, ColoradoTitle will need the identities of the parties, the amount or property to be held, the purpose of the transaction, the proposed release conditions and the anticipated duration.
Call 720-681-0903.