A collateral account facilitates proper financial payments when selling or buying real estate, as well as fulfilling other contracts and transaction forms. Several contracting parties are involved in the collateral account agreement. It usually involves the buying party, the selling party and the law office acting as an intermediary. The collateral account guarantees the buyer that the funds placed in the account will be paid to the seller only after all the terms of the agreement have been fulfilled. We will assist in the opening of the collateral account and advise you throughout its operation.