Managing your escrow needs with a “service first” attitude is our driving force. Our dedicated staff is eager to assist with your escrow requirements in the following areas:
Residential Purchases: Real estate professionals understand the important role escrow plays to make the dream of home ownership come true for their clients. Delays in closing can cause unnecessary stress for buyers and sellers and jeopardize future referral opportunities for agents. As a real estate professional, your reputation is your business and we’re committed to doing our part to enhance that in the eyes of your clients.
Purchase and Refinance Loans: Closing loan escrows requires creative problem-solving, attention to detail and constant communication with all parties involved in the transaction.
Short Sales: These challenging transactions require rapid turn times, multiple HUD revisions and an eye for detail. Five Star is the exclusive short sale partner of one of the largest short sale negotiation firms in the industry, so we understand this specialized niche and we have the bandwidth to handle volume.
Real Estate Owned (REO): REO transactions present special challenges due to rigorous reporting standards and strict timelines imposed by lenders. Processing a large volume of REO escrows and meeting these high expectations is Five Star’s top priority for these important lender clients.
1031 Exchange: The tax law requires the use of a “qualified intermediary” when performing a 1031 tax exchange. Five Star Escrow serves as an outside third party who facilitates the Real Estate Exchange, holding the funds received from the relinquished property until the owner purchases the replacement property.