Construction Services Trust
To secure and protect your investment of Contractors and Buyers/Owners during Construction or remodeling. Project funds will be placed in a trust and released as the construction progresses.
The Trust helps builders save money and meet all conditions stipulated within the budget. It ensures that construction costs are paid in full and on time. Funds held as collateral also protect buyers/owners by ensuring that construction companies do not misuse their funds.
Be careful when contacting companies that claim you can receive and hold money in an escrow account by claiming that one of their members is a U.S. real estate agent, so the funds will be deposited into your escrow account and held until closing. They may also claim that their funds will be safeguarded by the board of realtors of which they are a member. This statement may be incorrect.
The Board of Realtors in each U.S. State approves escrows on their behalf only for transactions conducted in the United States where the real estate agent is an active member and in the capacity of the buyer's representative.
Trust in Commercial Transactions