PRO Escrow Locker by Title App

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.

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.

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 Escrow Locker Works:

1. 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.

2. 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.

3. 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.

4. Transaction Currency: Payments are made using USDC or USDT, providing a secure and stable currency option. Don’t have crypto? No problem! You can also pay via credit card or wire transfer, with a small processing fee.

Escrow Locker Benefits:

• Secure Transactions: Escrow holds the funds until both buyer and seller meet all terms.

• Verifiable Ownership: The DTC system ensures that ownership transfers are legitimate and tracked.

• Flexible Payments: Support for both cryptocurrency (USDC/USDT) and traditional methods (credit card, wire transfer).

Transparent Fees: No hidden percentage-based fees. Pay a flat fee based on the transaction's complexity.