|  ABOUT
US
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| Betty
Betts Escrow Company was founded by Betty Betts in 1961,
which has been operating continuously since then, and
has seen its share of evolution in technology and Housing
Markets. In 1989, Alicia Diaz acquired the company from
Betty Betts (the Original Founder). Alicia's escrow
expertise began in the Culver City area in 1977. With
over 60 years of combined escrow experience and knowledge, Alicia
knows what it takes to have a succesful escrow. Alicia
and the staff of Betty Betts Escrow are dedicated to
provide you with the utmost in professionalism, integrity
and accuracy.
Betty Betts Escrow is a true independent escrow company.
As an independent escrow company, we are licensed and
stringently regulated by the State of California Department
of Financial Protection and Innovation.
Independent, licensed escrow companies are the first
line of defense for homebuyers and property owners.
Savvy real estate consumers know that buying or selling
property does not stop with finding the right buyer
or the right investment. And yet, escrow remains one
of the least understood elements of the real estate
process.
Licensed escrow companies are consumers’ best
bet for safeguarding their funds. That’s why it’s
so important to work with an escrow officer who has
met strict licensing requirements of the California
Department of Department of Financial Protection and
Innovation and has undergone a background check and
fingerprinting by the Department of Justice. |
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Accountability |
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Licensed
escrow companies are required to complete a financial
audit every year to ensure compliance with California
regulations, and all licensees are subject to random,
surprise examinations by the Department of Financial
Protection and Innovation |
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| Security |
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The
Department of Financial Protection and Innovation scrupulously regulates licensed
escrow companies. Each licensee is required by law to
be a member of the Escrow Agents’ Fidelity Corporation,
which provides fidelity coverage for member trust accounts
in the amount of $5 million. This fidelity bond guarantees
that, in the event of theft of trust accounts, consumer
funds are protected. |
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| Safety |
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All
employees must submit to California Department of Justice
fingerprinting and criminal background checks.
You have the right to select your own escrow officer.
That's right, smart consumers can help in the selection
of their escrow officer by investigating those companies
themselves rather than leaving this important decision
to their realty agent or lending institution.
Here’s a checklist to help you choose
the right escrow officer for your real estate purchase:
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| (courtesy
of the Escrow Institute of CA) |
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