With Foolproof Closings

Foolproof Closings is a professional holdback management service that provides an efficient and cost-effective alternative to traditional methods of holding back funds during a real estate transaction. 

A holdback amount is a portion of the funds involved in a real estate transaction that is held by a neutral third party until certain conditions are met, usually related to the remediation of issues discovered during the final walkthrough. 

Foolproof Closings manages the holdback amount by providing administration and oversight on the account. Foolproof Closings checks that all remediation requirements are met before releasing the funds to the appropriate parties 

All money is held for the benefit of our users with our partner bank, a regulated financial institution. This means the money belongs to our users and Foolproof merely manages the account. 

Foolproof Closings is a professional holdback management solution that takes care of the administrative burden and ensures all remediation requirements are met. For a flat fee of $50, Foolproof Closings provides finality to a closed transaction, meaning Attorneys and Agents are able to have a quick and clean disengagement.  

All parties involved in a real estate transaction can benefit from Foolproof Closings, including buyers, sellers, real estate agents, and attorneys. 

Contact us today to schedule a consultation and learn more about how our professional holdback management services can simplify your next real estate transaction.