An escrow service is a third party that retains the documents regarding a financial agreement between two other parties, such as a deed, contract, securities, funds, or other financial statement. This regulatory procedure secures the proper finances and/or document with an objective and outside party, which is then released to the appropriate party per the established agreement. In real estate, for instance, escrow may be utilized for a deposit, which would then be given to the appropriate party upon the completion of the transaction process. Escrow expert witnesses are brought in for legal matters when an issue with the escrow process has been violated in some way, requiring expert opinion regarding the details of the agreement in question.
While escrow may be used for various situations, such as insurance-related agreements, it is most common in the real estate industry. Escrow is considered a regulatory policy, it can also be misused and is susceptible to fraud and other unlawful activity. As with any type of lending operation between parties, there may be contract disputes, mortgage fraud, negligence, or other related issues. An escrow expert witness may be called upon to provide expert testimony after conducting a document review of the escrow agreement. Auditing, lender liability, regulatory compliance, titles, easements, and underwriting are a few examples of the financial and contractual topics potentially involved in escrow-related lawsuits. Contact ForensisGroup today or Submit An Expert Request Form to find a reputable and highly qualified escrow expert witness for your particular case.
