Riverside Escrow is a leading provider of high quality and cost effective escrow services.
We act as a third party in holding funds or property until it can be released on terms agreed by the parties to the transaction. Escrow services give certainty to the parties to the transaction in that:
- the buyer or fundraiser knows that the property or funds exist and will be made available to it when the transaction completes; and
- the seller or investor knows that the property or funds will not be released to the buyer or fundraiser until the transaction completes
Types of Escrow Services
To give a better understanding of the types of services which we can provide, we have included below some detailed examples of how an escrow service could be of use to you.
How does Escrow work – our 5 step guide
Riverside Escrow will act as an independent party in an agreement. This means that Riverside Escrow holds and regulates the funds of the transaction until the conditions set out in the escrow agreement have been met.
A buyer and seller make an agreement
Party A and Party B agree to terms - Riverside Escrow will draft an escrow agreement tailored to the clients needs. This agreement will contain specific release of funds conditions.
The buyer pays Riverside Escrow
Payment to escrow
Party A - submits a payment by approved payment method to our Escrow Account, Riverside Escrow verifies the payment and notifies the parties that funds have been deposited.
The seller sends the goods to the buyer
Party B provides the goods or services to party A.
The buyer accepts goods as per agreement
Party A receives the goods or services and proof of contract and completing is provided.
Escrow releases funds to seller
Riverside Escrow releases funds to Party B from the Escrow Account.
“We were delighted with the efficiency and ease of the Riverside Escrow service – having not known where to go initially, we found Riverside to be knowledgeable, highly responsive and extremely easy to deal with. Thanks for your quality service.”