OUR SERVICES
Main categories:
Business and Contractual Transactions :
Real Estate Transactions
- Real Estate Transactions
- Legal & Financial Services
- Business & Contractual Transactions
- Insurance & Tax Payments
- Online Transactions
- Investments & Mergers/Acquisitions¿Qué maravillas ofrece tu empresa? Comunícalo aquí.
Real Estate Transactions
Business and Contractual Transactions :
Real Estate Transactions
- Earnest Money: A buyer deposits earnest money into an escrow account to demonstrate their seriousness about purchasing a property.
- Property Sale: Funds from the buyer are held in escrow until all conditions of the sale (e.g., inspections, title transfer) are met, at which point the funds are released to the seller.
- Mortgage Payments: In
- Earnest Money: A buyer deposits earnest money into an escrow account to demonstrate their seriousness about purchasing a property.
- Property Sale: Funds from the buyer are held in escrow until all conditions of the sale (e.g., inspections, title transfer) are met, at which point the funds are released to the seller.
- Mortgage Payments: In many mortgage agreements, an escrow account holds funds for property taxes, insurance, and other fees, ensuring these payments are made on time.
Business and Contractual Transactions :
Business and Contractual Transactions :
Business and Contractual Transactions :
Payment Protection**
- In business transactions, an escrow service ensures that payments are only released when both parties fulfill their contractual obligations. This is often used in mergers, acquisitions, or sales of goods.
- Service Contracts: If one party agrees to provide goods or services upon certain conditions, escrow can hold funds until the services are completed to satisfaction.
Legal and Financial Services
Investment and Mergers/Acquisitions
Business and Contractual Transactions :
Trust Accounts:
- Escrow accounts are often used to hold money, assets, or documents that are being transferred or held under legal conditions. For example, a lawyer may use escrow to hold funds related to a settlement.
- Custodial Services: Escrow can act as a secure, temporary holding service for assets or money until specific terms or conditions of an agreement are met.
Insurance and Tax Payments
Investment and Mergers/Acquisitions
Investment and Mergers/Acquisitions
Escrow for Taxes & Insurance: Lenders sometimes require borrowers to fund an escrow account that covers property taxes and homeowner’s insurance premiums. This ensures the borrower remains current on these payments, reducing the lender's risk.
Investment and Mergers/Acquisitions
Investment and Mergers/Acquisitions
Investment and Mergers/Acquisitions
Investment Transactions:
- Escrow can be used in investment deals where funds are held by a neutral third party until certain milestones or performance benchmarks are met.
Mergers & Acquisitions:
- Escrw accounts may be used to hold funds or assets as part of an acquisition agreement, ensuring that the buyer and seller comply with terms befo
Investment Transactions:
- Escrow can be used in investment deals where funds are held by a neutral third party until certain milestones or performance benchmarks are met.
Mergers & Acquisitions:
- Escrw accounts may be used to hold funds or assets as part of an acquisition agreement, ensuring that the buyer and seller comply with terms before finalizing the deal. Escrow provides security, transparency, and trust for all parties involved, making it a valuable tool in various financial and legal transactions.
Broker Solutions
How It Works- Our 5 Step Process
How It Works- Our 5 Step Process
How It Works- Our 5 Step Process
1. Agreement to Terms
2. Payment and Deposit
3. Funds Secured in Trust
4. Seller Authorization
5.Payment Distribution
1. Agreement to Terms
How It Works- Our 5 Step Process
How It Works- Our 5 Step Process
The Buyer, Seller, and Broker agree on the transaction terms. Once agreed, the Broker initiates a three-party transaction with Hallmark Escrow Co.
2. Payment and Deposit
How It Works- Our 5 Step Process
3. Funds Secured in Trust Account
The Buyer makes a payment to Hallmark Escrow Co., selecting wire transfer as the method. The payment and/or deposit is then verified by Hallmark Escrow Co., and both the Broker and Seller are notified that the funds are secured.
3. Funds Secured in Trust Account
5. Transaction Completion and Payment Distribution
3. Funds Secured in Trust Account
The payment is securely placed in a trust account, ensuring that the funds are protected throughout the transaction.
4. Seller Authorization
5. Transaction Completion and Payment Distribution
5. Transaction Completion and Payment Distribution
The Seller receives a notification from Hallmark Escrow Co. requesting authorization to handle the funds on their behalf. The Seller grants this authorization, which ensures transparency and trust among all parties
5. Transaction Completion and Payment Distribution
5. Transaction Completion and Payment Distribution
5. Transaction Completion and Payment Distribution
The Buyer has a set number of days to inspect and accept or reject the offer. Upon final approval, the Seller receives their proceeds, and the Broker is paid the agreed-upon commission. All parties (Buyer, Seller, and Broker) are protected throughout the process. This streamlined process ensures clarity and security for everyone involved!
Our Service Is Tailored to Brokers’ Needs
Brokers the ability to start, manage, and close every sale, simply and privately. As a fully-licensed and regulated escrow service, you can rest assured the protection we offer Buyers and Sellers will have a positive impact on the completion of your sales online.
The process is easy to facilitate, our fees are fair, and each agreement is supported by highly secure process, and a proven process that will help expedite your transactions in the most efficient way.
Hallmark Escrow Co. Makes It Easy to Keep Buyer, Seller, and Transactional Information Private. We offer multiple ways to set up a Broker transaction. The Seller will see the Buyer's contact information (name, email, physical address, and primary phone) once the payment has been approved. Any financial terms will remain either disclosed or undisclosed based on the selected view throughout the transaction.
Transparent to Buyer
The transaction details can be visible to the Broker, Buyer, and Seller. This includes the purchase price, seller's proceeds, contact information, and broker commission(s).
The Broker commission can be paid by the Buyer, Seller, or split between the Buyer and Seller.
The escrow fee can be paid by the Buyer, Broker, or split 50/50 between the Buyer and Broker, depending on the agreement signed between both parties.
Three-Party Escrow Services for Brokers
Transparent to Buyer
The transaction details can be visible to the Broker, Buyer, and Seller. This includes the
purchase price, seller's proceeds, contact information, and broker commission(s). The Broker commission can be paid by the Buyer, Seller, or split between the Buyer and Seller. The escrow fee can be paid by the Buyer, Broker, or split 50/50 between the Buyer and Broker, depending on the agreement signed between both parties.
Transparent to Seller
In a transparent to Seller Broker transaction, the financial terms (purchase price, escrow fee, and broker commission) are only displayed to the Seller.
The Broker commission can be paid by the Buyer, Seller, or split between the Buyer and Seller.
The escrow fee can be paid by the Buyer, Seller, or Broker; split 50/50 between the Buyer and Seller; or split 50/50 between the Buyer and Broker, depending on the agreement signed between both parties.
Transparent to Buyer and Seller
In a transparent to Buyer and Seller Broker transaction, the financial terms (purchase price, escrow fee, and broker commission) are displayed to all parties.
The Broker commission can be paid by the Buyer, Seller, or split between the Buyer and Seller. The escrow fee can be paid by the Buyer, Seller, or Broker; it can be split 50/50 between the Buyer and Seller; or split 50/50 between the Buyer and Broker.
Confidential
In a confidential Broker transaction, the financial terms (purchase price, escrow fee, and
broker commission) are not displayed to the Buyer or Seller.
The Broker commission can be paid by the Buyer, Seller, or split between the Buyer and Seller. The escrow fee can be paid by the Buyer, Broker, or split 50/50 between the Buyer and Broker.
How We Help to Manage Disputes
We understand that from time to time, disputes arise regarding the sale or transfer of goods or services.
Our proven processes will make sure any complaints from either party are clearly and quickly communicated, and that the Broker is kept fully informed at all times. In the event the Buyer rejects the merchandise, they will see the Seller's contact information in order to initiate a return.
The Buyer is required to return it to the Seller within 30 days of initiating the rejection. The Seller is then given a 15-day inspection period to inspect the returned merchandise/property.