GUARDIAN CONTRACT SERVICES, INC.
P.O. Box 2316, Lake Oswego, OR 97035 | 7000 S.W. Hampton Suite 221| Tigard, OR 97223 | (503) 684-6556

ESCROW SERVICES
Collection Escrow Software Source Code Escrow Custom Escrow Construction & Remodeling Escrow

Construction & Remodeling Escrow

How it works:

Your client deposits with Guardian the funds needed for a new -construction or remodeling project. These funds are kept in an interest-bearing account until we receive a Draw Request co-signed by you and your client. The Draw Request authorizes us to pay the suppliers and /or subcontractors whose name and addresses are listed on the form. This data is entered into our software system. By compiling an accurate chronological record of all deposits, withdrawals, and disbursements. A copy of this history will be provided to both parties when the account is closed.

Terms and Policies


Deposits:
Deposits other than Cashier's Checks or Money Orders require a hold of 5 business days to assure availability of funds. Statements of interest earned on deposited funds will be provided at end of escrow.
Draw Requests:
Draw Requests must be submitted on the forms provided by Guardian. Up to three Draw Requests per month are included for the basic monthly fee. Complete mailing addresses and invoices or reference numbers must be provided with Draw Requests to insure proper credit of payments made from the escrow. Draw Requests must include all payment details and the appropriate signatures. Draw Requests will be processed and disbursed by the next business day.
Disbursements
Disbursements will be in the form of trust checks and will be sent by US Mail.

Fees:
* Contact Guardian for escrow fee quote (503)684-6556.