Mortgage
Lucid securely holds mortgage-related funds until legal and documentation requirements are satisfied. Mortgage transactions involve multiple stakeholders. Lucid ensures funds are disbursed only when all conditions are met.
How It Works
AgreementBuyer and Seller set agreement terms on lucid
EscrowBuyer deposits funds
DeliveryDelivery confirmation is automatic once all conditions are met
AcceptanceAcceptance is completed upon fulfilment of set terms
DisbursementLucid disburses funds automatically to Seller's preferred payment method
Ideal For:
- Lenders
- Borrowers
- Real estate developers
Benefits:
- Secure holding of large sums
- Transparent disbursement
- Reduced fraud-risk
Lucid's Role:
- Holds funds neutrally
- Releases funds only upon document verification by the buyer
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