Escrow Process

The Buyer

Deposits the funds required, in addition to any borrowed funds, to pay the purchase price with the escrow holder.

Deposits funds sufficient for home and title insurance. Arranges for any borrowed funds to be delivered to the escrow holder.

Deposits any deed of trust or mortgages necessary to secure loans.

Approves any inspection reports, title insurance commitments, etc. called for by the purchase and sale agreements.

Fulfills any other conditions specified in the escrow instructions.

The Seller

Deposits evidence of pest inspection and any required repair work.

Deposits the executed deed to the buyer with escrow holder.

Deposits other required documents such as tax receipts, address of mortgage holder, insurance policies, equipment warranties or home warranty contracts, etc.

The Lender

Deposits proceeds of the loan to the purchaser.

Directs the escrow holder on the conditions under which the loan funds may be used.

The Escrow Holder

Opens the order for title insurance.

Obtains approvals from the buyer on title insurance report, pest and other inspections. Receives funds from the buyer and/or any lender. Prorates insurance, taxes, rent, etc.

Disburses funds for title insurance, recordation fees, real estate commissions and lien clearance. Prepares a final statement for each party, indicating amounts to be disbursed for services and any further amounts necessary to close escrow.

Records deed and loan documents, delivers the deed to the buyer, loan documents to the lender and funds to the seller, closing of escrow.

Our professional officers are committed to offering accuracy and facilitating timely closings on all of our transactions.