Whether
buying or selling, an asset transfer can be a significant
financial event for a business or individual. It just
makes sense to try to make the process as safe as
possible for both parties - particularly with cash
transactions. The ENC escrow service is the ideal
way for buyers and sellers to protect themselves and
to ensure a smooth transaction.
When
escrow is agreed to by both parties, an agreed upon
sum is deposited into a non-interest bearing Trust
account. The funds are then disbursed to the seller
at the intervals and upon the authorization of the
buyer - with pre-set and defined parameters. The escrow
fee is $295.00 or 1% of the transaction amount - whichever
is greater.
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