Escrow Services

Refinance
The process of paying off one loan with the proceeds from another loan.

Sale
The transfer of real property between Seller and Buyer for an agreed upon consideration.

Satisfaction of Agreement of Sale
Payoff and completion of an Agreement of Sale. An agreement of sale is a contract used in connection with the sale of real property where the seller retains legal title until all or a certain part of the purchase price is paid by the Buyer.

Exchange
A reciprocal transfer of real property which has certain tax advantages over a sale. Specific procedures must be followed in order to qualify the transfer as an exchange.

Commercial and High Liability
More complex, non residential transactions over one million dollars. Learn more about Island Title’s responsive and dedicated commercial department available to facilitate the closing process.

Fee Conversions
The improvements are already owned and the land is being purchased.

Leased-fee Conversions
Condominium properties wherein some units are leased and some are fully owned. The fee interest can be purchased.

Projects
New homes built by a developer who subdivided a large parcel of land into individual smaller lots for purchase.