About Us
Our philosophy
We truly care about our clients and their success as we share in the endeavor to provide exceptional service when it comes to important life events centered around Real Estate and Home Ownership such as:
A fist-time homebuyer being able to realize the American Dream of owning Real Estate;
A retired couple selling their once forever home for a new chapter in their lives;
A family moving out of state because of a work opportunity;
and many more examples of how the adventure of life ebbs and flows with Home Ownership playing a very important part of the pursuit of happiness.
Our vision here at Arkay Escrow, Inc. is to make the daunting process of a Real Estate Transaction be as smooth as possible with a dedication to truly provide our Escrow Services with the utmost Professionalism, Care, and Effort to achieve a Successful "Close of Escrow" with all our clients.
What is an Escrow?
First let's provide a legal definition per the Department of Real Estate website - dre.ca.gov.
Definition of an Escrow California Civil Code Section 1057
“A grant may be deposited by the grantor with a third person, to be delivered on the performance of a condition, and, on delivery by the depositary, it will take effect. While in the possession of the third person, and subject to condition, it is called an escrow.”
also with Section 17003 of the Financial Code: “Escrow means any transaction wherein one person, for the purpose of effecting the sale, transfer, encumbering or leasing of real or personal property to another person, delivers any written instrument, money, evidence of title to real or personal property, or other thing of value to a third person to be held by such third person until the happening of a specified event or the performance of a prescribed condition, when it is then to be delivered by such third person to a grantee, grantor, promisee, promisor, obligee, obligor, bailee, bailor, or any agent or employee of any of the latter.”
In simple terms, Escrow acts as a secure "clearinghouse" or impartial intermediary to protect both buyer and seller from fraud, premature transfers, or disputes.
If you have questions; please give us a call and we can have a conversation to cover any real estate / escrow related concerns that you might have.
For a more in depth understanding of Escrow; here is a hyper link below from the Department of Real Estate's website.
https://www.dre.ca.gov/files/pdf/refbook/ref08.pdf
Our specialities
Our Escrow Service is mainly focused on Residential Property Resales and Home Mortgage Loan Refinancing.
We also possess the expertise to handle real estate transactions involving short sales, REO/foreclosures, probate, and For Sale By Owner properties.
Additionally; our staff include Notaries equipped to provide their Notary Services related to Real Estate i.e. Transfer Deeds, Affidavits, Trust Certifications, etc.