Boat Escrows
In many ways, there are similar complexities between boat and aircraft sales and purchases, and the team at Custodial Escrow Inc will undertake to help to make the transaction as seamless and stress-free as possible.
Both new and second hand “boats” come in many shapes and sizes, from yachts and cruisers to motor boats, barges, sail boats and working vessels, and each has a set of rules and conditions to which they must adhere.
Within the marine fraternity, escrow accounts are becoming more commonplace, which is hardly surprising as the value of a boat or yacht is frequently more than that of a home.
With both new and second hand boats the funds, will be temporarily retained by a neutral third-party authorised escrow provider and custodian where the funds will only be released upon agreed conditions being met.
Aircraft Escrows
Aircraft escrows or aviation escrows have been around for some time, and offer affordable protection as the sale and purchase of aircraft, whether new or second-hand, can be a complex issue involving large sums of monies as well as dealings between several parties inclusive of national registries. Custodial Escrow Inc are able to provide escrow services in a number of aircraft or aviation transactions. By using an aircraft escrow you are affording protection and simplicity with equal benefits to both parties, inclusive of ease of transaction. Custodial Escrow Inc can hold all of the funds as an impartial agent and will take responsibility for release to the relevant parties at the point of completion.
Commercial Escrows
The term commercial escrow can cover a wide variety of transactions, and Custodial Escrow Services have a team dedicated to providing payment gateway solutions for most of them. n essence, of course, any transaction between two businesses who are not used to working together and who seek a neutral third party to help ensure there are no financial issues, could be regarded as a commercial escrow.
Construction Escrows
Custodial Escrow Inc construction escrow account may be used to help to mitigate the risk of employer and / or contractor insolvency during construction projects. The construction escrow account will effectively ring-fence an element of an employer’s money in a place where the contractor can see and use the money as security for interim payments. All too often we have heard of contractors being put out of business, perhaps due to the developer going into liquidation. Construction escrows can help to mitigate that risk. Normally, in the event of insolvency, property that is held in trust is not included in the assets which may be distributed to the creditors.
Industrial Escrows
An industrial escrow account may be regarded as similar to commercial escrow, in that it is a generic term which can be covered in many areas. Today much of our trading is international, and it can mean trading codes are varied and complex. Perhaps companies find themselves selling or buying equipment or parts from companies with whom they have no trading record, and have never met.
Online Escrows
With so much trade being conducted over the internet today, escrows being used more commonly to hold funds. Escrows on the internet have existed since the start of popular internet auctions but many of us are only just seeing relevance and use. With any number of transactions online taking place between anonymous persons, where it may be hard to tell which country the various parties are based – it is hardly surprising that the issue of security of funds is questioned.
Property Escrows
Property escrows or real-estate escrows have been used in the United States for a number of years and are best known where a mortgage company establishes an escrow account in which to lodge and pay property tax and insurance for the term of the mortgage. Since a mortgage lender is not willing to take the risk that a homeowner will not pay property tax, escrow is usually required under the mortgage terms However, as the world has changed, and as property investment across country borders has increased, the escrow account has become more important in order to mitigate risk.
Vehicle Escrows
Custodial Escrow Inc is able to offer a regulated and US-based escrow for vehicles. Escrows, as we know, may be used to transfer ownership of many things – from property to companies, and from commodities to vehicles. Within this site we have already discussed online sales within the internet escrow pages, and this section is concentrated more upon purchases of vehicles in private sales, vintage vehicles, company vehicles (such as JCBs, trucks, and fork trucks etc.), and vehicles purchased overseas.