Escrow Services · Philadelphia, PA
Escrow services in Philadelphia that protect every dollar
Deposits, payoffs, and seller proceeds move through one account, and it has to be the right one. Good Shepherd Title holds Philadelphia escrow funds in a segregated Pennsylvania account, verifies every wire instruction by phone, and disburses only against a signed settlement statement. Buyers, sellers, and agents know where the money is at every step.
Same day
Seller proceeds wired after funding confirms
Phone-verified
Every wire instruction confirmed by voice
Mon-Fri 9-5
Reachable office hours on Point Breeze Avenue
Why Philadelphia buyers, sellers and lenders choose us
Segregated accounts
Escrow money never touches operating funds and is reconciled file by file, so deposits are traceable at any moment.
Wire fraud discipline
We confirm instructions by phone with a known number before any transfer - the single most common way Philadelphia buyers lose a deposit.
Clear release terms
Repair holdbacks and use-and-occupancy escrows are documented with written release conditions both sides sign.
Agent-friendly updates
Listing and buyer agents get status without chasing us. One call to the office reaches the person on your file.
Fast disbursement
Payoffs, commissions, and proceeds go out the same afternoon in most Philadelphia settlements.
How the process works
- Step 1
Open escrow
Send the executed agreement of sale. We open the file, confirm deposit terms, and issue receipt to both sides.
- Step 2
Hold and reconcile
Funds sit in a segregated account while we order payoffs, taxes, and municipal balances for the settlement statement.
- Step 3
Disburse and record
After signing and funding, we disburse per the statement and record the deed and mortgage in Philadelphia.
Frequently asked questions
- What does an escrow agent do in a Philadelphia sale?
- We hold the deposit and all settlement funds in a dedicated escrow account, disburse only against the signed settlement statement, and record the deed and mortgage with the Philadelphia Department of Records.
- Where is my deposit held?
- In a segregated Pennsylvania escrow account, separate from operating funds, and reconciled on every file. Deposits are released only as the agreement of sale and both parties direct.
- Can you hold escrow for repairs after settlement?
- Yes. Post-settlement repair or use-and-occupancy escrows are common in South Philadelphia deals. We document the release conditions in writing so both sides know exactly what triggers payout.
- How do I send funds for closing?
- Wire transfer or certified check. We give wire instructions by phone verification only - never act on wire details that arrive by email alone, even if they appear to come from us.
- When are sale proceeds disbursed to the seller?
- Same day in most Philadelphia transactions, once funding is confirmed and documents are signed. Wires typically leave the same afternoon.
- Do you handle 1031 or attorney-directed escrows?
- We coordinate with qualified intermediaries and closing attorneys regularly. Call the office with your structure and we will confirm what we can hold before you commit to a date.
Opening escrow on a Philadelphia deal this week? Call us before you wire anything and we will confirm instructions with you directly.
1235 Point Breeze Avenue, Philadelphia, PA · Monday to Friday, 9:00am - 5:00pm