With escrow services from Build Safe Escrow, you can lend with confidence knowing that the funds you are lending are protected and will be paid out to contractors and builders after milestones are met.
Our team is here to assist you with any questions or concerns. Reach out to us for expert support and guidance.
New home construction, renovations, and repairs lead many homeowners and investors to borrow money to fund their project. But managing these funds and ensuring contractors do the work they’re being paid to do can become a disaster without a fail-safe process in place. Without escrow, there’s a risk that funds could be mismanaged, or disappear without work being completed.
We established Build Safe Escrow to protect lenders from these risks and ensure smooth and seamless financial transactions with every project. Our escrow services ensure that your funds are released to the contractor or builder according to project milestones, giving you peace of mind that your money is secure and used as intended.
Build Safe Escrow’s services are designed to secure funds, while protecting against mischief. Contractors are motivated to efficiently handle the project because the funding is secure and paid out in draws as milestones are met, while homeowners are able to take out a loan and ensure that the money is only paid out at each completed stage of the project.
We set up an Escrow Agreement that pays out funds in draws once the lender has approved the contractor and the project.
Funds are held in escrow and only released to contractors as each milestone is reached, ensuring that your investment is protected.
Motivated contractors are more likely to finish milestones on time, so you can finish up and move on to funding the next project.
Ensure that your loan is secure in an escrow account set up by construction escrow professionals. Contact us now to learn more about our construction escrow and draw services!
Reach out with any questions or for more information about our escrow services. We’ll respond promptly.
Get answers to your most pressing questions about our escrow services tailored for homeowners.
An escrow service for lenders involves a neutral third party managing and securing funds during a real estate transaction. This ensures that the lender’s investment is protected and that funds are only released when all terms of the agreement are met.
Build Safe Escrow uses advanced security protocols and best practices to protect your funds. We ensure that all transactions are handled securely, and funds are held in escrow until all contractual conditions are satisfied.
Escrow services provide several benefits, including enhanced security for your funds, transparency throughout the transaction, and assurance that funds are only released when all terms are met. This minimizes risk and helps ensure a smooth transaction process.
To get started, contact us to initiate the escrow process. We will send you an Escrow Agreement to review, set up the escrow account, and provide you with all the necessary information to manage your funds securely.
