By closing day on a commercial property, half a dozen or more professionals have usually had their hands on the file. Counsel on both sides negotiated the purchase agreement and the brokers spent weeks keeping dates from slipping, while the lender worked through underwriting, and the title and escrow teams cleared requirements in the background. Each party relies on ...
Smart contracts are generating buzz in the escrow world, promising automation and efficiency. But can they actually replace traditional escrow services? So far, the evidence suggests they’re more hype than reality. We explore why smart contracts are still far from dethroning traditional escrow and how emerging tech will likely complement, not replace, industry expertise.