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FIRST
(Contact Us): Once you agree to purchase a Property,
you or your broker should contact us at Panama Title &
Escrow Inc. (e-mail: info@panamatitle.com
), and provide the complete information of the transaction.
SECOND
(Confirmation): We (PT&E) will contact all the
parties involved (Seller, Broker, Law Firm, etc.) in the transaction,
to confirm the complete information (purchase price, payment
form, Broker’s commission if any, Legal Services Fees,
etc.).
THIRD
(Balance and Wire Instructions): We will send an
updated Balance, reviewed by our accountants, including all
details of the complete breakdown of payments for your transaction.
At this time, you will be provided with the wire and check
deposit instructions. Please note that is very important,
when you send a wire you should always fax us a wire or check
deposit instruction form to either our US fax: 1-800-716-3452,
or our Panama fax: ++(507) 236-7150.
FOURTH
(Closing and Payments): Once the Client authorizes
Panama Title & Escrow Inc. (PT&EINC), in coordination
with the attorney handling the buy / sell contract for the
transaction, we will arrange for the Closing (payment to the
Seller and signature on the Contract). PT&EINC will also
make the final payments & disbursements to all the parties
involved (Law Firm, Broker’s commission if any, etc.)
to complete the transaction.
FIFTH
(Invoice): PT&EINC will provide the Client a
detailed Invoice of the Services provided, and a complete
breakdown of the Fees.
SIXTH
(Payment Receipts): PT&EINC will provide the
Client all the payment receipts & transaction documentation.
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