Escrow for note purchase

[Michael Vaughn]

I would like to purchase a note from a company I have been in contact with. I do not know them besides having a few calls with them, they seem legit but I wiring a large sum of money to an entity I do not fully trust is not something that sits well with me. Are they companies that do escrow for these kind of deals? I do not need such a company to actually do the records I have a vendor who does that, I just need that 3rd party to hold the money while the seller fulfills their end of the deal i.e sending the physical collateral and signing whatever is needed.  What do people usually do in such cases?

[Don Konipol]

@Michael Vaughn

Get title insurance on the note and use the title company’s escrow services