The Escrow Process
It's important that you understand what is happening when your property is in escrow. I recommend the use of trusted and proven escrow officers that I have worked with. You may not get to select what escrow company is used. Here's what happens...
Client opens escrow |
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Preliminary Title Report is ordered |
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Title Report received |
Order Statement of Identity for buyer/seller and clear General Index. |
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Order demands |
Order Beneficiary Statement at buyer/seller request |
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Receive demands & review, Notify client |
Receive Beneficiary Statement, review transfer terms, notify buyer/seller |
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Bills from Termite Co., Roofer, Inspection Co., Home Warranty
are received based on seller instructions |
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Loan documents are received from the lender. |
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Call agents for terms |
Prepare buyer and seller instructions and all documents |
Schedule apptmt to sign docs |
Review file to determine all conditions met and all docs executed, notarized and good funds recvd from buyer/seller. |
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Request loan funds |
Policy write-up & forward docs to recording desk |
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Loan funds received and deposited. |
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Documents recorded at County Recorder. |
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Close file, prepare closing statement and disburse funds. |
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