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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:
2021 Holiday Schedule
January 18, 2021 – Monday, Martin Luther King Jr.
April 2, 2021 – Friday, Good Friday
May 31, 2021 – Monday, Memorial Day
July 5, 2021 – Monday, Independence Day
September 6, 2021 – Monday, Labor Day
November 11, 2021 – Monday, Veterans Day
November 25, 2021 – Thursday, Thanksgiving Holiday
November 26, 2021 – Friday, Thanksgiving Holiday
December 24, 2021 – Monday, Christmas Eve
December 25, 2021 – Tuesday, Christmas Holiday
December 31, 2021 – Monday, New Year’s Eve
January 1, 2022 – Tuesday, 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:
“Great timely service!
Cynthia Archuleta is fantastic…very professional & helpful! Promote her!
Think you calling for being very helpful and answering my questions. Thanks for helping me out! U where great.
Thanks for the help on trying to get my situation settled. Much appreciated.
Natalie has always been so helpful. She is the best.
We have dealt with numerous escrow companies and yours is the best.”
Very helpful in all aspects.
I love fast service! Thank you for being fast. Lynne is awesome!
Daniel was very knowledgeable and helpful. Extremely fast and easy to deal with!
Lynne was so helpful and answered all of my questions with a smile and has a great personality. Thank you for the quality care with my investment.”
Still Have Questions?
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