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Re: Need for escrow (by Beck):

Escrow services do not hold the money until both parties are satisfied with the transaction. Generally the company merely processes the paperwork and after they record the deed they release funds to the seller. I've bought a few timeshares where I became the owner but the closing company failed to properly record a deed to properly convey ownership to me. sometimes a deceased party was not properly addressed, or a spouse, etc.

also be very careful about companies selling timeshares. Mayn times they use a closing company they own. at no time is the closing company acting to protect you, it is acting on behalf of the seller.