Commercial Escrow Services

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About HAL Commercial Escrow Services

While title companies exist for the real estate industry, the commercial world has historically lacked an organization that provides similar escrow services. As a result, companies have turned to banks for these fiduciary needs. Banks, however, are frequently reluctant to undertake the fiduciary responsibilities required of an escrow agent.

At the request of our bank clients, HAL Commercial Escrow Services, Inc. (HCES), a division of Higier Allen & Lautin, P.C., was formed to fill this void.

Backed by more than 20 years of experience in banking and real estate law, HCES serves as the third party escrow agent on transactions referred by banks involving bank customers. Typically, such transactions include “holdbacks” and “reserves” on corporate purchase and sale transactions, earnest money deposits, earnouts, and other corporate transactions.

HAL Commercial Escrow Services allows financial institutions to provide services as an escrow fiduciary, but still services its customers while allowing the financial institution to maintain the escrow deposits.

Services Provided

  • Deposit escrow funds in an FDIC-insured money market account
  • Release escrow funds according to terms of the escrow agreement
  • Periodic reports to confirm escrow account activity as needed
  • File IRS Form 1099 as required

Escrow can be effective in:

  • Mergers, acquisitions, buy-outs
  • Investment offerings (public and private equity or debt offerings)
  • Settlement of claims

Contact HAL Commercial Escrow Services

972 716 1888

HAL Commercial Escrow Services
2711 North Haskell Avenue
Suite 2400
Dallas, Texas 75204

Professional · Secure · Trustworthy

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