Need for escrow

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Original Message:

Who does escrow protect, the buyer, the seller, or both? (by R P.):

mike1536 wrote:
The OP said he/she had a buyer, but the buyer did not want to pay the escrow fees. So after reading all these posts on escrow and closing companies, I ask this question. If the seller gets the money, the new deed is properly recorded, and the resort is notified of the ownership transfer, then does it matter if the buyer used an escrow company? Doesn't escrow, title searches, etc protect the buyer from an unscrupulous seller or a faulty title? IF the buyer wants to accept these risks, then that’s his prerogative.

Escrow provides assurance for both the seller and the buyer. Escrow holds all funds until the transaction is complete after notification of transfer of ownership to the county and resort. That's why I always used a reputable "timeshare closing company" for all my timeshare transactions. Escrow and reputable timeshare closing companies offer peace of mind.