Platinum Title & Escrow acts as your neutral third party — holding funds, coordinating documentation, and managing every deadline between buyers, sellers, agents, and lenders across Southern Nevada.
WHAT IS ESCROW?
When a real estate transaction begins, escrow provides a secure, neutral environment where funds and documents are held until every condition of the agreement is met. No money moves. No documents transfer. Nothing closes until everything is right.
At Platinum Title & Escrow, our escrow team manages every detail of that process — protecting all parties and keeping the transaction on track from the moment a contract is signed to the final day of closing.
WHAT'S INCLUDED IN OUR ESCROW SERVICES
Escrow Account Management
We open and manage a dedicated escrow account for every transaction, holding earnest money deposits and buyer funds securely until all conditions are satisfied and closing is authorized.
Document Coordination
Our team coordinates the collection, review, and distribution of all transaction documents: including purchase agreements, lender instructions, title commitments, and closing disclosures, ensuring nothing is missing at the closing table.
Deadline & Contingency Tracking
We track every contingency, deadline, and condition in your transaction, proactively communicating with all parties to ensure nothing falls through the cracks before closing.
Funds Disbursement
Once all conditions are met and closing is authorized, we disburse funds accurately and on time: to sellers, lenders, agents, and any other parties, in full compliance with Nevada escrow requirements.
Closing Statement Preparation
We prepare accurate closing statements for all parties, providing a clear breakdown of all costs, credits, and disbursements so there are no surprises at the closing table.
WHO WE SERVE
Real Estate Agents
We keep your transactions moving : tracking deadlines, coordinating with lenders, and communicating clearly so your clients reach the closing table without delays or surprises.
Home Buyers
Your earnest money and closing funds are held securely in escrow until every condition of your purchase is met. Nothing moves until you're protected.
Home Sellers
We ensure your proceeds are disbursed accurately and on time the moment closing is complete. No waiting. No confusion.
Lenders
We follow lender instructions precisely, coordinate closing disclosures, and ensure all loan conditions are satisfied before funds are released.
WHY PLATINUM?
Neutral & Impartial - We represent the transaction, not any single party. Every decision is made in strict compliance with the signed agreement.
Proactive Communication - You will always know exactly where your file stands. Our escrow team reaches out to you before you ever have to ask.
Complete Transaction Security - Funds and documents are protected and released only when every single contract condition is fully satisfied.
Frequently Asked Questions — Escrow Services
What is the role of an escrow officer in a Nevada real estate transaction?
In Nevada, the escrow officer acts as a neutral, impartial third party who follows the written instructions of the purchase contract precisely. Our senior escrow officer, July Fitzgerald, manages the secure holding of earnest money deposits, coordinates closing disclosures with lenders, ensures all transaction contingencies are met, and handles the final, accurate disbursement of funds to all parties once closing is authorized.
Can a home buyer choose their own title and escrow company in Las Vegas?
Yes. Under the federal Real Estate Settlement Procedures Act (RESPA), buyers have the absolute legal right to select their preferred title and escrow partner. You are never required to use the company suggested by a real estate agent, lender, or home builder. Choosing a boutique, independent provider like Platinum Title & Escrow ensures your funds are protected with dedicated, individual oversight.
How long does the escrow and closing process take in Southern Nevada?
Standard residential transactions using bank financing typically take between 30 to 45 days from the date the purchase agreement is fully signed. Cash transactions move much faster, as they don't require underwriting or lender closing instructions, and can often be cleared, funded, and recorded at the Clark County Recorder's office within 7 to 14 days.
What happens to the earnest money deposit if a real estate deal falls through?
In Nevada, an earnest money deposit cannot be released automatically if a deal falls through. As a neutral third party, Platinum Title & Escrow requires both the buyer and seller to sign an identical Cancellation of Escrow and Release of Earnest Money form detailing exactly how the funds will be split. If a dispute arises and one party refuses to sign, the funds must remain securely held in our escrow account until a mutual settlement is reached or a court issues an order.
What are "Good Funds" laws in Nevada, and how do they affect my closing?
Under Nevada’s "Good Funds" law (NRS 645A), an escrow company cannot officially close a transaction or record a deed until all purchase funds are fully deposited, cleared, and available for immediate withdrawal. To prevent delays, closing funds must be submitted via a bank wire transfer or a certified cashier's check drawn from a Nevada-cleared financial institution. Personal checks or unverified funds will delay your closing until they fully clear the banking system.
How does Platinum Title & Escrow protect closing funds from wire fraud?
Wire fraud is a significant threat in real estate transactions, which is why we enforce strict security and compliance protocols. Platinum Title & Escrow will never request a wire transfer or send updated wiring instructions via standard email. Always verify wiring instructions directly with July or your designated escrow team over a trusted phone line before initiating any financial transfers.
What is an escrow holdback, and when is it used?
An escrow holdback occurs when a portion of the seller’s proceeds is safely kept in escrow after closing to guarantee the completion of a specific condition—such as a delayed post-closing move-out, pending HOA repairs, or an unfinalized utility bill. A formal holdback agreement is signed by both parties, detailing the exact scope of work, the deadline, and how the remaining funds will be disbursed once the condition is satisfied.