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3 reasons to use an Escrow Company in Albuquerque
Why would I ever need an escrow company?
Imagine being the buyer of a home on a real estate contract without using an escrow company in Albuquerque, where you have paid for 20 years. You’ve never missed a payment and you’re always on time. Until one day your seller passes away. His estate is passed to his children and on a large list of his assets is the property that you’ve been in the process of purchasing for years. But there’s a catch. The seller wasn’t keeping track of what you had paid him. He took the cash you sent him each month and bought things with it before his wife knew of the cash. It’s as if you hadn’t sent any payments. Ever! It’s your word against the deceased. Who can you turn to? How can you prove you’ve been paying? Is it possible to get the deed without starting over?
On the flip side, you’re the seller’s family of the situation above. You just want to liquidate all of your father’s assets to settle his estate and move on. But there’s a catch. Your father didn’t use an escrow company, he never kept records, and he always accepted cash. Where can you turn to clean up this mess? How will you ever settle his estate with so many loose ends? Do you really want to spend the rest of your life in court figuring it out?
Escrow is needed anytime there are 2 parties exchanging items of value (usually, real estate). A third party is needed to create trust, keep a transaction history, and hold documentation (like a deed) until the terms of the contract are fulfilled, or not. Without escrow, you open yourself up to possibilities of misinterpretation, confusion, neglect, or, even, fraud.
We Create Trust Between Strangers
An escrow company in Albuquerque provides trust between strangers. It provides checks and balances and ensures the terms are upheld.
We Provide a Third-Party Transaction History
In the scenario above a payment history from a third party would have made all the difference in the world. A complete 20-year transaction history and documentation for each payment would end any arguments quickly and the buyer could continue to make payments as usual.
Sunwest Escrow will be closed the following dates:
2023 Holiday Schedule
Monday, January 16, 2023 – Martin Luther King Day
Friday, April 7, 2023 – Good Friday
Monday, May 29, 2023 – Memorial Day
Tuesday, July 4, 2023 – Independence Day
Monday, Sept 4, 2023 – Labor Day
Monday, October 9, 2023 – Indigenous People Day
Friday, November 10, 2023 – Veterans Day
Thursday, November 23, 2023 – Thanksgiving Holiday
Friday, November 24, 2023 – Thanksgiving Holiday
Monday, December 25, 2023 – Christmas Eve
Tuesday, December 26, 2023 – Christmas Holiday
Monday, January 1, 2024 – New Year’s Day
Our Community Service
Sunwest Escrow, Inc. makes every effort to be a good corporate citizen and neighbor and a positive influence in the community. To that end, Sunwest Escrow’s officers and staff are actively involved in the following charities:
“I’ve done business with Sunwest Escrow for a number (20+) years. I’ve always received excellent service.
One of their strengths is their knowledge of the real estate transactions industry. I can depend on them.“
“I’m leaving this review, because I know that a lot of people use these reviews just to express anger usually for an issue caused by themselves.
I have dealt with several escrow companies and all of them including this one has been very helpful. they have a job to do and a lot of contracts to deal with.
My contracts I have with them have a lot of amendments, so they have to look up info sometimes. I am a buyer and understand they are there to make money they are a business.
They also must protect their customers, buyers and sellers. They have always treated me well and been very fair I recommend them for any services required by an escrow company.
The seem very organized and fair.“
“Was calling around different places just to get information, they were very helpful and didn’t mind helping me get or tell me what needed to happen or what I needed to do.
Really took the time on the call with me even though I was not a customer for them.“
“Actually I would like to acknowledge the support I received from two employees of Sunwest Escrow.
The first is Susan C who was instrumental in getting a modification to a REC revised correctly. She went the extra mile getting the appropriate people involved who ultimately got it right!
Secondly, Rose B came to the rescue after I could not get the person responsible for making posting errors corrected. After several attempts to contact that individual, I left a VM for Rose. She was very quick to return my call and in a matter of moments had made all the necessary corrections needed.
I was able to sleep that night.
These two individuals, I believe, really do care about Customer Service and should be commended.“
Still Have Questions?
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