Escrow Services
For transactions managed by our legal team, we provide full escrow services through a DR-licensed bank — protecting both buyer and seller from offer to title transfer.
How it works
Agreement signed
Once buyer and seller execute the preliminary sales contract, our attorneys open an escrow account at a DR-licensed bank.
Buyer deposits funds
The buyer wires the agreed deposit (typically 10%) to the escrow account. Funds are held in USD or DOP as agreed.
Due diligence period
During the title search and CONFOTUR verification period, funds remain in escrow. Either party can exit under the contract's conditions.
Conditions met
Once the title is confirmed clean and all contingencies are cleared, escrow authorizes the final payment.
Closing and disbursement
Upon signing the final deed (Acto de Venta), escrow disburses funds to the seller and legal fees to the attorneys. Title transfer is filed the same day.
Who manages the escrow account?
The escrow account is held at BHD León, one of the DR's largest and most established banks. Funds are managed by our notary under dual-authorization protocols — neither party can withdraw without the other's instruction being verified.
What if the deal falls through?
The preliminary sales contract governs under what conditions funds are returned or forfeited. Typically, if the seller withdraws, the deposit is returned doubled to the buyer. If the buyer exits without cause, the deposit is forfeited to the seller. Our attorneys draft these terms clearly before any funds are deposited.
Can I wire funds from abroad?
Yes. International wire transfers to the escrow account are standard. Our team provides the banking details and SWIFT codes. Funds typically clear in 1–3 business days. We can also accept crypto-to-fiat conversion through select partners for qualified transactions.
Set up escrow for your transaction
Our attorneys open escrow as part of full closing representation. Contact us to get a quote and timeline for your specific transaction.