Yes. Home Bay does what the listing agent would ordinarily do in the escrow process, including things like drafting sellers disclosures. Home Bay does not replace the title/escrow companies.
- The function of a title company is to write an insurance policy for the buyer in case you don't have legal title.
- The function of an escrow company is to hold money from the buyer and bank and title from you. The escrow company doesn't let the other side get the money or title, respectively, until all conditions of closing have been satisfied.
In many areas, the same company provides both title and escrow services and is referred to as the closing agent.