Escrow is an important part of real estate transactions. An escrow attorney or agent is a neutral third party who holds funds and legal documents for both the buyer and seller. You need an escrow attorney who will distribute the funds according to the terms of the purchase agreement. Problems with escrow could cause financial issues during the transaction and even lead to litigation. A Houston real estate litigation and dispute attorney can help resolve escrow-related disputes and keep your transaction on track. If you need an escrow attorney for your next real estate transaction, contact Porter Law Firm at (713) 621-0700 today.
Why Choosing Porter Law Firm Makes Sense
Clients in the Houston area have come to trust Porter Law Firm with all their real estate matters since 2009. We have the experience you need on your side for your next real estate deal. Our team of attorneys will offer you the same advice they would follow themselves because many of our attorneys are commercial property owners and investors as well. Some additional reasons clients choose us are:
- As a boutique firm, we offer a personalized experience for every client
- We will spend time getting to know you and your goals so that we can become a strategic partner for you and your business
- We offer the agility of a small firm, but we have a whole team of lawyers ready to assist when necessary
Our experienced attorneys know the importance of the escrow process, and we are ready to meet your needs with our escrow services.
How an Escrow Lawyer Can Help You
The escrow process seems straightforward until a dispute arises. When a disagreement comes up, there can be complications with how the funds should be distributed. An experienced Houston escrow lawyer can help solve these disputes and keep the transaction moving forward. Some ways an escrow lawyer can help you include:
- Reviewing contracts to ensure fund distribution according to the specifics of the agreement
- Providing legal advice about the escrow process and informing you of potential risks to both the buyer and seller
- Resolving conflicts that may arise or negotiating updated agreements to resolve disputes
Escrow accounts are highly regulated, and both buyers and sellers should be aware of consumer protection laws related to escrow accounts, as outlined by the Consumer Financial Protection Bureau (CFPB). These regulations are designed to prevent escrow fraud, protect buyers from hidden fees, and ensure fair handling of funds throughout the real estate transaction.
Having an experienced escrow attorney in Houston help with your real estate deal can help ensure the process goes smoothly and all the details go according to the contract.
The Basics of Escrow in a Real Estate Transaction
When real estate ownership is transferred from one person or entity to another, money and documents are also passed from the seller to the buyer. During the transaction, the money is held in escrow and is distributed according to the terms of the sales agreement. The escrow attorney or escrow agent is responsible for ensuring the funds are distributed appropriately. Escrow protects both the buyer and seller because it keeps the money safe during the transaction, and the seller has confidence they will receive their money when the property transfer occurs. In Texas, escrow services must comply with state regulations enforced by the Texas Department of Banking, which monitors escrow agents and ensures they follow proper legal procedures. For large-scale property transactions, an experienced Houston land acquisition and development attorney can ensure that the escrow process aligns with land use and zoning regulations.
Reach Out to a Houston Escrow Lawyer Today
When choosing an escrow agent for your transaction, choose an experienced escrow attorney who can help keep your deal moving forward when disputes arise. An attorney can help ensure the escrow process follows all applicable laws and regulations, and they can make sure that funds are only released once all contractual obligations are fulfilled. Give Porter Law Firm a call today at (713) 621-0700 or fill out the form to speak to a Houston escrow attorney and let us help with your next deal.