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Escrow Services


When a small business changes hands, we make sure it is done right.

Before a seller hands over the keys to the business to a buyer, the sale needs to be completed through the escrow and closing process. Our Escrow Department works with all parties involved in the business transfer as the neutral third party, making sure that all the requirements of the contract are met so the sale can close smoothly.
Every closing we do includes a set of core services required to cleanly transfer the business from the seller to the buyer. As part of our comprehensive basic escrow package, our Escrow Department will do the following:

  • Safely hold earnest money in a secure escrow account pending closing.
  • Notify and obtain clearances from county, state and federal agencies as required.
  • Obtain written evidence of proper authority for each entity to sign the purchase agreement and documents and consummate the transaction.
  • Obtain a copy of all real estate leases, and coordinate and confirm the lease assignment with landlord.
  • Prepare escrow instructions according to the terms and conditions of the purchase agreement.
  • Prepare settlement statements for buyer and seller reflecting all funds being handled through escrow.
  • Coordinate the drafting of closing documents with escrow attorney.
  • Collect and disburse all closing funds according to escrow instructions.
  • Pro-rate and pay for rent, deposits, taxes and other required expenses out of proceeds for the transaction.
  • File and record all necessary documents with the appropriate agencies.
  • Coordinate any necessary payoffs and UCC-3 terminations, amendments and/or releases of lien, including up to two payoffs, plus wire transfer or overnight fee for each, to ensure that secured creditors are satisfied.
  • Provide one complete set of all closing documents executed at closing for each party.
  • Archive copies of all sale and closing documents for a minimum of five years.
The following services are also offered with the closing:
  • Perform UCC-1 lien search and business personal property tax search on the business to ensure clear title can be conveyed.
  • Obtain corporate status report from the Secretary of State of all entities involved in the transaction to confirm that the entities exist and are in good standing.
  • File UCC-1 financing statements with the Secretary of State when seller financing is involved.
  • File UCC-3 lien terminations and/or amendments when payoffs are involved for the seller.
  • File Assumed Name Certificates with the state and county as necessary.
  • File Abandonment of Assumed Name Certificates for the seller with the state as necessary.
Since we know every small business transaction is unique, we also offer additional solutions when business transfers include any of the following terms:
  • Motor vehicle title transfer if vehicles are included in the transaction.
  • Franchise business coordination if the business is a franchise.
  • Real estate services when real property is included in the transaction.
  • SBA and commercial loan coordination when transactions are funded by third-party loans.
  • Stock transfer services if the transaction is a stock sale rather than an asset sale.
  • Escrow holdback and disbursement accounts when a buyer and seller agree to hold a specific amount of funds back after closing for later disbursement when specified conditions are met.
  • Collateral safekeeping services when assets like stock certificates or perhaps a domain name should be held by a neutral third party until the terms of a loan have been met.

To learn more about our business transaction services and our published fee schedule,
or if you are ready to open escrow, call us today.

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As an investor, it is vital to consider how your payment or deposit will be held during the completion of mutual obligations in any contract. Escrow services provide a neutral third party which holds the funds in compliance with the instructions of all the parties to an agreement. Neither party may access the funds until all of the obligations of the parties are satisfied.
Mexican lawyers, Notaries and real estate agents cannot legally hold funds “In Trust.” Mexico does not have the Escrow Services which are available in Canada or the US. In Mexico, funds are customarily held in the realtor, developer or lawyer’s personal bank account. The account is uninsured and susceptible to seizure or liens. Although the broker or lawyer will hold your funds with good intentions, their creditors and tax authorities (SAT) will have access to these accounts. The accounts are not protected as they are elsewhere in North America.
To secure your deposit or payment, you should use an Escrow Service which is insured and held in a Canadian or American bank in a segregated account. REI&TC have a trustworthy law firm authorized to provide Escrow Services in Mexico and elsewhere in North America.


    Protects the builder as well as the buyer/owner during construction or renovations. The funds for the project are held in Escrow and will be released as the construction progresses. The Escrow helps the builder stay on budget, complete all conditions. and ensure that expenses for the building are paid on time and in full. Funds held in Escrow also protects the buyer/owner by guaranteeing that the construction company does not use their money inappropriately.
    Beware of closing companies who claim that they can receive and hold funds in their Escrow Account because one of their members is an American Realtor and therefore the money will be deposited into their trust account and held until the closing. They claim your funds will be protected by the realtor’s board of which they are a member. This claim is not accurate.
    The realtor’s board in each US State will only permit funds to be deposited in Trust for transactions taking place in the State of which the realtor is an active member – representing the buyer of the seller.


    When buying, selling or offering services, both parties to a contract are concerned that the other party will not deliver on what they promised. The “client” wants to receive the product or service and the “seller or service provider” wants to be certain that they will be paid once they do deliver. In some contracts this can be achieved by a COD method of payment on delivery. If no payment, no delivery. However, what can be done when the delivery needs to be shipped to its destination thousand of kilometers away? Or partial deliveries over a period od time? Or the provision of services over time including partial instalments? One of the parties of the contract has to take the risk that the other will comply faithfully with the bargain or there will not be a transaction.
    Escrow services resolves this dilemma by providing a neutral third party to hold the funds until all the parties have accomplished their part of the bargain, the conditions of the Escrow are detailed in the Escrow Services Agreement. The Agent holds the funds and disburses them according to the terms of the Agreement and respect the conditions.
    Trust REI&TC as your Escrow Agent. We have an impartial, experienced, and multi-disciplinary team of lawyers that will prepare the Agreement and anticipate any issues that may arise. Once appointed and in control of the funds, REI&TC will respect the obligations contained in the agreement and will help resolve any issues that may resolve.

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