(570) 629-8998 Info@TreatmentFunding.org

 

 

 Early Scheduling Discount

 

We are early-scheduling patient treatment appointments in advance of opening our treatment centers.  This allows us to fill the treatment appointment schedule so that treatments can begin immediately upon opening a center.

Since the treatment openings are limited to 10 patients per month, the appointments will be made on a first-come, first-served basis.

Patients are being offered treatment financing and this will be arranged before an appointment is scheduled.  Additionally, patients and their families may be traveling to our center, in which case, they may require pre-arranged hotel accommodations and travel expenses to be included in their financing.  Treatment Funding Assistance (TFA) will assist in arranging the accommodations and financing of these aspects.

 

Early Scheduling Discount

Early scheduled treatment appointments will be paid in advance and held in Escrow.  This is necessary to ensure that those scheduled are committed and ready to go.  As an incentive, and on a limited basis, we will be providing a 25% DISCOUNT on treatments for those who elect to secure their appointment in advance.  In thirty days of treatment, that SAVES $2,000!

 

Your Advanced Treatment Payment

  1. Your Advanced Treatment Payment is secure. Our Escrow Agent (see below) will keep your payment in an escrow account that will not be released until your scheduled appointment is confirmed.
  2. Your Investment is refundable. If for any reason you wish to withdraw your contribution, all or in part, prior to the disbursement of the funds, you will receive it back in full.

 

Escrow Agent

What Is an Escrow Agent?

An escrow agent is a person or entity that holds the property in trust for third parties while a transaction is finalized or a disagreement is resolved. The escrow agent has a fiduciary responsibility to both parties of the escrow agreement.

Escrow Agent Explained

An escrow agent essentially serves as a neutral middleman in the context of an escrow agreement. An escrow agreement is a contract between two parties whereby they agree that a third party should hold an asset on their behalf until their transaction is completed. The funds or assets are held by the escrow agent until it receives the appropriate instructions or until predetermined contractual obligations have been fulfilled.

Escrow Agent and Trustees

There are similarities between the role of a trustee and the role of an escrow agent, but there are significant differences as well. The two roles are similar in that in each case a third party holds the property “in trust” for someone else and has a fiduciary duty. However, a trustee has a duty toward the beneficiary (or beneficiaries) of the trust and must act in their best interest. In contrast, an escrow agent’s duty is toward both parties of a transaction, and they are tightly bound by the terms of the escrow agreement.

What Is an Escrow Agreement?

An escrow agreement is a contract that outlines the terms and conditions between parties involved, and the responsibility of each. Escrow agreements generally involve an independent third party, called an escrow agent, who holds an asset of value until the specified conditions of the contract are met. However, they should fully outline the conditions for all parties involved.

Key Takeaways

  • An escrow agreement is a legal document outlining terms and conditions between parties as well as the responsibility of each.
  • Agreements usually involve an independent third party called an escrow agent, who holds money or an asset until the contract’s conditions are met.
  • The escrow agreement generally includes, but is not limited to, information about the escrow agent’s identity, the funds in escrow, and the acceptable use of funds by the agent.

How Escrow Agreements Work

In an escrow agreement, one party—usually a depositor—deposits funds or an asset with the escrow agent until the time that the contract is fulfilled. Once the contractual conditions are met, the escrow agent will deliver the funds or other assets to the beneficiary. Escrow agreements are commonly used in different financial transactions—especially those that involve significant dollar amounts such as real estate or online sales.

Escrow agreements must fully outline the conditions between all parties involved. Having one in place ensures all the obligations of the parties involved are met, and that the transaction is conducted in a safe and reliable manner.

An escrow agreement normally includes information such as:

  • The identity of the appointed escrow agent
  • Definitions for any expressions pertinent to the agreement
  • The escrow funds and detailed conditions for the release of these funds
  • The acceptable use of funds by the escrow agent
  • The duties and liabilities of the escrow agent
  • The escrow agent’s fees and expenses
  • The jurisdiction and venue in the event of a legal action

Most escrow agreements are put into place when one party wants to make sure the other party meets certain conditions or obligations before it moves forward with a deal. For instance, a seller may set up an escrow agreement to ensure a potential homebuyer can secure financing before the sale goes through. If the buyer cannot secure financing, the deal can be called off and the escrow agreement canceled.

For certain transactions such as real estate, the escrow agent may open up an escrow account into which funds are deposited. Cash has traditionally been the go-to asset that people entrust to an escrow agent. But nowadays, any asset that holds a value can be put into escrow including stocks, bonds, deeds, mortgages, patents, or a check.

Escrow agreements provide security by delegating an asset to an escrow agent for safekeeping until each party meets his or her contractual obligations.

Special Considerations

There may come a time during a business transaction when it is in the best interest of one party to move forward only if it knows with absolute certainty that the other party can fulfill its obligations. This is where the use of an escrow agreement comes into play.

What Is a Fiduciary?

A fiduciary is a person or organization that acts on behalf of another person or persons to manage assets. Essentially, a fiduciary owes to that other entity the duties of good faith and trust. The highest legal duty of one party to another, being a fiduciary requires being bound ethically to act in the other’s best interests.

A fiduciary might be responsible for general well-being, but often the task involves finances—managing the assets of another person, or of a group of people, for example. Money managers, financial advisors, bankers, accountants, executors, board members, and corporate officers all have fiduciary responsibility.

Western Alliance Bank

https://www.westernalliancebancorporation.com/solutions/escrow-deposit-services?gclid=EAIaIQobChMIzfH-pc6e5gIV8iCtBh01TgPsEAAYAiAAEgKX6_D_BwE

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