Many escrow companies are licensed to act as escrow agents in a real estate auction transaction. We stand out with over 12 years of experience in commercial and residential real estate auctions.
Auctions require special preparatory work prior to the auction, and an efficient system to open many escrows simultaneously (particularly with live auctions where all the properties are sold within a few minutes of each other). We monitor each escrow individually, provide regular reporting to the auctioneer, the buyer and the seller(s), and expeditiously close each auction.
First Republic Escrow Corporation was formed to handle real estate auctions. We handle all real estate transactions, but auctions are our specialty.
First Republic Escrow**17 Corporate Plaza Drive** Newport Beach, CA 92660** 949-717-4848