Q.Why use Shannon Escrow Inc.?
A. Can you afford to lose your clients by using an escrow company that treats your client like a number? Do you value a company that cares about the transaction, and guarantees your clients will be happy? Do you like giving your clients a free home warranty, and not a cheap one, but a full basic, plus comprehensive coverage at no cost to you or the client?  Then you would be silly to use anyone else.  Not only do we guarantee great service, but we guarantee your clients will develop a closer relationship with you just by using SHANNON ESCROW INC.

Q. How is your pricing?
A. Take a look at our pricing guide. We do not break our prices down starting at a purchase price of 50,000.00 dollars, because we live in the real world. No HOUSE SELLS FOR 50K! This is how they confuse you. Escrow fee for a 50k purchase is 300.00 dollars. Sounds good right?
Our pricing reflect the three real price ranges....0-200k, 200-500k, and up. We do not try and fool you with multilayered pricing. It is what it is. ALSO! YOU WILL NEVER EVER SEE WIRE COURIER EMAIL DOC PREP, OR TIE IN FEES HIDDEN. WE OFFER ZERO JUNK FEES. PERIOD!























In our newsletter section you are given the opportunity to stay up to date on current Escrow information and services.

The Real Estate Industry changes all of the time, and we endeavor to stay on top of these changes.

For now, here is a good example of the Escrow Process as presented by the Washington State Escrow Association:

Clicking the links will take you to the Escrow Association website

What is Escrow

Disinterested Third Party  "Escrow" means any transaction wherein any person or persons for  the  purpose  of  effecting  and  closing   the  sale,  purchase, exchange,  transfer,  encumbrance,   or  lease  of  real or personal property  to  another  person  or  persons,   delivers  any  written instrument, money, evidence of title to real or personal property or thing of value to a third person to be held by such third person until the  happening  of  a  specified  event  or other   performance  of  a prescribed condition or conditions, when it is then to be delivered by such third person, in compliance with instructions under which he is to  act, to  a  grantee,   grantor,  promise, promisor, obligee, obligor, lessee,  lessor,   bailee, bailor, or  any  agent or  employee thereof.   Buying or Refinancing a Home?   Here is What To Expect From Escrow TYPICAL PURCHASE      (all items in red see glossary of terms following) 1.   Purchase and Sale Agreement:  is signed by all parties and delivered to Escrow 2.   Preliminary Title Report:  is ordered from Title Company 3.   Copies of Title Report are sent to all parties along with letters of inquiry. 4.   Payoff Figures and any other information necessary to clear title are obtained 5.   Loan Documents from Buyers lender are received and reviewed * 6.   Closing Documents are prepared including a settlement statement 7.   Individual Appointments are made with Buyer and Seller 8.   Loan Documents are signed and returned to lender for funding approval* 9.   Original Deed and Deed of Trust are sent to County Recorder 10. Document(s) are recorded 11. Funds needed to close are received from lender and buyer * 12. Funds are disbursed to clear title,  pay seller, and closing costs 13. Final Closing Statement is mailed out 14. Reconveyance(s) is recorded when received from party(s) paid off 15. Owners Title Policy is mailed out * All Seller financing would eliminate steps 5, 8, & 11. * All Cash purchase would eliminate steps 5 & 8, and eliminate lender on 11. TYPICAL REFINANCE  1.   Lender or Mortgage Broker opens escrow  2.   See  2-6 above  3.   Appointment  is made with Borrower  4.   Documents are signed and returned to lender for approval  5.   Original Deed of Trust is sent to County Recorder  6.   Document(s) are recorded  7.   Funds needed to close are received from lender  8.   See 12-14 above REGULATORY QUESTIONS

Have a question for us? Use the form below, and we'll post the answer right here on this page.