Business Details
About
Escrow Service
Luxury Escrow provides escrow services to the Rancho Cucamonga, CA area.
Details
- Free parking lotAvailable
- Wheelchair accessible entranceAvailable
- Wheelchair accessible restroomAvailable
- Wheelchair accessible seatingAvailable
Location
Hours
Reviews
4.9
32 reviews
5 stars
31
4 stars0
3 stars0
2 stars0
1 star
1
- AGAris GovjianAug 22, 20255.0The Luxury Escrow team really care about delivering excellent serving their clients. Highly recommend them.
- DPDebbie PrevichApr 14, 20255.0Luxury Escrow was amazing. I had a complicated escrow and my escrow officer Tina Bravo went above and beyond to facilitate the transaction using her years of expertise to overcome a lot of obstacles. Thank you to everyone at Luxury Escrow!
- RSRamon Gomez SantillanMay 8, 20245.0I had a wonderful experience working with Dusty and her team while purchasing my new home. Their effort, hard work, and patience made the process simple for me as a first-time home buyer. Thank you for everything!
- LSLisa ScottJul 31, 20235.0I’be been in the Real Estate field (as both a Realtor and Mortgage Loan Officer) for over 23 years and have interacted with hundreds of escrows, and by far Dusty Cockrell and Luxury Escrow is top tier. From superior knowledge, to efficiency, to pleasant personalities, this full service escrow will make your transaction smooth and stress free. Give them a try on your next transaction, you definitely won’t be disappointed.
- JLJeric LevisteJul 12, 20225.0Great escrow company to work with! Wonderful ownership & staff. Highly recommended!
Frequently Asked Questions About Luxury Escrow
What is escrow?
Escrow is a financial arrangement where a neutral third party holds and manages funds or assets for two parties engaged in a transaction. California Escrow Law Section 17003 of the Financial Code defines it as the deposit of funds, a deed, or other instrument by one party for delivery to another party upon fulfillment of specific conditions or events.
Why do I need an escrow?
Escrow is crucial for all parties involved in a transaction, including buyers, sellers, lenders, and borrowers. It provides security by ensuring that no funds or property are exchanged until all transaction conditions are met. The escrow holder is tasked with safeguarding funds and documents, only disbursing them when all provisions of the escrow agreement have been satisfied.
How does escrow work?
The escrow process commences when the principal parties (buyer, seller, lender, borrower) create and sign escrow instructions, which are then submitted to the escrow officer. If a broker is involved, they typically provide the necessary information for preparing these instructions. The escrow officer processes the escrow according to these instructions and concludes it when all conditions are fulfilled. While escrows follow a similar pattern, each is unique to the specific property and transaction involved.
Who chooses the escrow?
The selection of an escrow holder is typically a mutual decision between the principal parties. While real estate brokers may suggest an escrow holder, the principals have the right to select a competent and experienced professional for their specific type of escrow. Laws prohibiting referral fees are in place to ensure that consumers receive the highest quality escrow services without compromise.
Do you have a mobile notary?
We provide mobile notary services throughout California to accommodate our clients' needs.
What is escrow and how is it defined under California law?
Escrow is a financial arrangement where a third party holds and regulates payment of funds or assets on behalf of two parties involved in a transaction, as defined by California Escrow Law Section 17003 of the Financial Code.
Why is using escrow important in a transaction?
Escrow provides assurance by safeguarding funds and documents until all agreed conditions are met, protecting the interests of buyers, sellers, lenders, and borrowers throughout the transaction process.
How does the escrow process work at Luxury Escrow?
The process begins when parties provide written instructions to the escrow officer who then handles funds, documents, pays authorized bills, and closes escrow only after all terms are fulfilled.
Who typically chooses the escrow holder for a transaction?
The escrow holder is usually chosen mutually by the principal parties involved, ensuring a competent and experienced professional is selected without referral fee influence.
What are the office hours of Luxury Escrow?
Luxury Escrow operates Monday through Friday from 9 AM to 5 PM and is closed on weekends and major holidays. After-hours and walk-in appointments are also available.
What languages does Luxury Escrow provide services in?
Luxury Escrow offers services in English, Spanish, Urdu, and Punjabi to accommodate a diverse clientele.
Does Luxury Escrow have accessible facilities for people with disabilities?
Yes, Luxury Escrow has a wheelchair accessible entrance, seating, restrooms, and free parking to accommodate customers with disabilities.
Can you visit Luxury Escrow by public transport or while visiting nearby businesses?
Customers visiting nearby real estate agents like PAK Home Realty or Jesikah Alvarado Real Estate Services may find it convenient to visit Luxury Escrow as well, facilitating smooth coordination during property transactions.
What nearby services can assist customers before or after visiting Luxury Escrow?
Nearby professional services such as Nationwide Mutual Insurance Company and Barranca Insurance can help customers with insurance needs related to their transactions handled at Luxury Escrow.
Are there legal or financial professionals near Luxury Escrow that customers might use?
Yes, legal services like My Rights Law Group and financial experts such as Singh - CPA and Guild Mortgage are located nearby, providing additional support for transactions and estate planning.