Title App’s Escrow Locker Service provides a secure, fully automated escrow solution for buying and selling assets with Digital Title Certificates (DTCs). Whether you're selling something simple like a bike or handling a complex transaction like real estate, our escrow locker ensures safe, compliant, and verified transactions. The service handles everything from identity verification to notarization, and payment disbursement—all at a flat fee based on the complexity of the transaction.
PRO Escrow Locker Service Overview
This service is ideal for buying and selling anything of value that does not have legal or government registration requirements. It's perfect for selling goods like your bike, or surfboard, roller skates, or concert tickets.
How The Escrow Locker Works:
- Secure Ownership Transfer: Once both parties agree to the terms, the asset’s DTC is transferred to the buyer’s name after payment is released from escrow.
- The tracking of the asset (if applicable) automatically switches to the new buyer if they choose to subscribe. Simple to Complex
- Transactions: The Escrow Locker can handle a variety of transactions:
- Simple Sales: For low-value items like bikes, only a basic ID check is required.
- Complex Sales: For assets like cars, boats, or real estate, multiple steps may be required, including digital notaries, disclosures, inspections, and structured payments.
- Flat Fee Based on Complexity: The Escrow Locker charges a flat fee based on the following factors:
- ID Check: Basic or advanced ID verification.
- Digital Notary: Required for items like artwork, real estate, or vehicles.
- Power of Attorney Notary: Needed for government-registered assets like cars, boats, and planes.
- Documentation & Disbursements: The more complex the transaction (disclosures, multiple payments), the higher the fee.
- Transaction Currency: Payments are made using USDC or USDT, providing a secure and stable currency option.
- Don’t have USDC OR TETHER? No problem! You can also pay via credit card or wire transfer, with a small processing fee.
Better security at a fraction of the price
- The PRO Escrow Locker includes:
- Multi-party blockchain based Escrow Locker
- Bio-metric identity validation
- Purchase and Sale Electronic Signatures
- Disclosures and sale conditions electronic signatures
- Addition of any additional elements, such as warranties, insurance and loan payoffs.
- Ownership and appraisal verification Escrow dispersement
How does it work?
All Products
Let’s Answer Your Questions
Simply click the "Buy Product" button on the product page, provide your basic details, and follow the prompts to upload key information.
What is a Real Estate Digital Title Certificate?
A Real Estate Digital Title Certificate (DTC) is a secure, blockchain-based proof of ownership for real estate. It replaces traditional paper titles with a digital certificate that is verifiable and tamper-proof. The DTC provides a transparent and efficient way to manage property ownership, ensuring that the title remains secure and easy to transfer.
What is the Escrow Locker Service?
The Escrow Locker is a secure, automated service for buying and selling assets. It holds funds until all conditions are met and then transfers ownership via the DTC to the buyer. The service handles everything from ID verification to digital notarization and payments, based on the complexity of the transaction.
How does the escrow process work?
Both the buyer and seller agree on the terms of the sale. The Escrow Locker holds the funds in USDC or USDT. After the terms are met, such as ID verification or a digital notary check, the funds are released to the seller, and the DTC is transferred to the buyer.
Can I use a credit card or wire transfer?
Yes, if you don’t have USDC or USDT, you can also pay using a credit card or wire transfer. Please note that using these payment methods includes a small additional processing fee.
How are fees calculated for the Escrow Locker?
The fee for the Escrow Locker is flat-based, not percentage-based, and depends on the complexity of the transaction. Factors like the type of ID check, whether a digital notary is needed (e.g., for artwork, real estate, or vehicles), and the complexity of documentation all influence the final fee.
What assets can I buy or sell using the Escrow Locker?
You can buy or sell any asset that comes with a Digital Title Certificate (DTC), including bikes, cars, boats, planes, real estate, artwork, jewelry, pets, livestock, and more.
How does ownership transfer work for assets with Title App tracking services?
When you sell an asset with tracking (e.g., a car or pet), the TRAKI GPS service or TITLE TRAK real estate service transfers to the new owner automatically, if they choose to subscribe. The new owner can continue monitoring the asset through their own subscription.