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Why Escrow Matters
Escrow coordinates funds flow, lien payoff, and document recording. Choose reputable firms with aviation experience.
Key Documents
- Bill of Sale (AC Form 8050‑2); Aircraft Registration Application (AC Form 8050‑1).
- Lien releases, security agreements, and related lender documents.
- Title search and insurance binder; see insurance requirements.
Process Overview
- Open escrow; order title search and payoff letters as needed.
- Finalize financing docs; verify registration details via the FAA registry.
- Execute and fund; escrow files documents and disburses funds.
Timing & Pitfalls
- Order payoff letters early to avoid delays.
- Verify names, N‑number, and serials across documents.
- Coordinate insurance effective date with funding.
Related Articles
External references: FAA Registry · FAA Aircraft Registration · NBAA