(Home Equity Line of Credit): A revolving credit line secured by home equity.

Escrow Role: Manages initial draw funds, pays off existing liens if needed, and records the new lien on the title.

Buying a manufactured or mobile home, often on leased land or in a park.

Escrow Role: Secures funds and verifies title (for the home and/or land), ensuring compliance with park or local regulations.

Swapping one investment property for another to defer taxes.

Escrow Role: Acts as a qualified intermediary, holding proceeds from the sale and transferring them to purchase the replacement property within IRS timelines.

Transferring property from a deceased owner’s estate.

Escrow Role: Manages funds and documents, ensuring court approval and proper distribution to heirs or buyers.

Purchasing undeveloped property.

Escrow Role: Holds funds, confirms title, and ensures any land-specific conditions (e.g., surveys) are met before closing.

Purchasing a property repossessed by a lender (Real Estate Owned).

Escrow Role: Manages funds and coordinates with the lender to ensure clear title and payment are exchanged efficiently.

Selling a home for less than the mortgage owed, with lender approval.

Escrow Role: Facilitates communication between parties, holds funds, and ensures lender conditions are met before closing.

A loan allowing homeowners (typically seniors) to convert home equity into cash.

Escrow Role: Disburses loan proceeds, manages existing lien payoffs, and ensures title updates.

Buying property for business use.

Escrow Role: Secures funds, verifies title, and coordinates complex conditions like zoning or lease agreements.

Replacing an existing business property loan.

Escrow Role: Pays off the prior loan, disburses new loan funds, and updates title and lien records.

Holds funds and documents, ensuring the buyer’s payment and seller’s title transfer occur simultaneously upon meeting all conditions.

Replacing an existing home loan with a new one.

Escrow Role: Handles payoff of the old loan, disburses funds to the new lender, and updates title records.

A bulk sale escrow is used when a business sells its assets outside of a routine transaction, often during financial difficulties, to ensure proceeds go toward paying debts and taxes, protecting creditors

Escrow Role: Collects the sale proceeds from the seller, holds them in escrow, and disburses them according to the terms of the agreement and applicable laws.