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Title and Escrow

Information About Title & Escrow

Transferring a title and setting up escrow accounts can be difficult if you’ve never done it before. 

The New York Quitclaim Deed Process can be used if your title transfer meets the following qualifications:

  • Transferring property involving a revocable trust.
  • Transferring property to a spouse as part of divorce proceedings.
  • Transferring one co owners interests to a separate and different co owner.
  • Transferring property you already own on yourself into ownership with a new co-owner.
  • Changing the ways existing owners hold the title to the property.

You can start this process by filling out a simple quitclaim deed form and submitting it to the proper offices. You can read more on the New York Quitclaim Deed process on Nolo.com

How To Setup A New Escrow Account For Your Home Purchase

When you are buying a home you will most likely hear the word escrow quite often. Escrow is a legally binding arrangement in which your designated third party holds large amounts of money or property until conditions have been met, for example, the fulfillment of a purchasing agreement. 

You can set up a few different types of escrow accounts. For more information on escrow processes check out Rocket Mortgage resources on this. 

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