We already talked a lot about the importance of hiring an escrow agent while dealing with the airplane registration and preparing documents. To be specific, this is a kind of bond that is kept to a third party and only is released upon fulfilling certain conditions. Apart from looking after your financial transactions, Aero Title, an aircraft title and escrow agent looks after the documents. Let’s start revealing how it helps.
Documents in Escrow
It will be difficult to manage each document that to be signed by the FAA at the closing time for everyone including buyers, lenders, attorneys, brokers or anyone else. But Oklahoma City based Aero Title; the escrow agent knows how to deal with it. What would happen if you are dealing with the papers on your own and miss any of it? You could have to face the most severe consequence that is registration cancelation. Do you think your bank will ever agree to grant a loan if you do not appear with all the papers? The FAA registration process can also turn more complex when it is more havoc.
Document Filing and Recording
The FAA rules and regulations for documentation is extensive and if you have no idea of it, send the documents to an escrow agent. They know well how to deal with it. If you directly send the documents to the FAA, there are pretty chances to be rejected. There are procedures to send and manage each paper that a layperson might not know. An aircraft title and escrow agent diminishes this threat.
The FAA remains quite busy on processing the documents on a daily basis that are submitted daily. To mail your documents or sending improperly organized documents can linger your paper processing up to eight weeks. This is a pretty much time, to stave off this hassle, hire an escrow agent in Oklahoma City.
Our Aero Title is quite efficient to do the entire task on behalf of an airplane owner. They know how to take care of the documents and instead of shipping the papers to the FAA, they physically reach the office. You can expect right documentation, closing date etc. only with an efficient aircraft title and escrow agent like Aero Title.