What happens if there is a dispute in an escrow transaction?
If there is a dispute in an escrow transaction, the fund is being held by Castler until the dispute is solved.
If there is a dispute in an escrow transaction, the fund is being held by Castler until the dispute is solved.
The responsibilities of the buyer, seller, and escrow agent in an escrow transaction vary depending on the specific terms of the transaction. However, in general, the buyer is responsible for providing the funds, the seller is responsible for providing the property, and the escrow agent is responsible for holding the funds or property in escrow and releasing them to the appropriate party once all of the conditions of the transaction have been met.
To set up an escrow account, you will need to contact an escrow company and provide them with the following information:
The names of the parties involved in the transaction
The amount of funds involved
The terms of the transaction
The desired level of security and confidentiality
When choosing an escrow service for your formal giving platform, there are a few factors you should consider, including:
The cost of the service
The types of services offered
The level of security and confidentiality
The reputation of the escrow company
