Escrow is a financial arrangement in which two parties enlist a “third party” (who is neither the buyer nor the seller) to temporarily hold money, paperwork, or other assets for a transaction on their behalf before the transaction has been finalized.
That third party, known as an escrow provider, helps make the transaction safer by protecting the assets of the buyer and seller until both parties have met their obligations for the agreement. Ideally, the escrow provider is a neutral third party who isn't concerned with whether the buyer or seller comes out ahead.
Escrow is commonly used when you buy or sell a home, land, and even mobile homes. A escrow account is opened when a signed contract is delivered to GW. We then work on behalf of both parties to ensures that the conditions of the contract are all satisfied. We also provide appropriate tax forms to each party.
When buying a pre-owned car, boat, RV, camper, or even an aircraft. GW ensures you money transfer is safe. Our experienced staff can even help ensure your sale is fair for both parties.