Parties involved in various real estate or personal property transactions, including purchase, sale, acquisition, merger, consolidation, or dissolution transactions, often need or require cash, documents or assets to be set aside and held by an independent third party or escrow agent until certain items are completed or conditions have been met or resolved.
Independent escrow companies, title insurance companies, trust companies, banks and other financial institutions will often decline to administer these specialty cash, document or asset holding escrows.
Specialty cash, document or asset holding escrow accounts may involve, but are not limited to, the following examples:
Exeter Trust Company, Cheyenne, Wyoming, is a leading provider of specialty trust, agency and custody services, including Specialty Holding Escrows described above. Exeter Trust Company does not administer any type of traditional escrow services, sale or purchase escrow services, bulk sale escrows, or any escrows that involve the sale, purchase or refinance of real estate.