escrow Process

The life of a sale Escrow

DAY 1

Escrow is provided with a Purchase Agreement and will securely connect with all principal parties. All applicable reports are ordered.

(e.g. Homeowner Association Forms, Natural Hazard Disclosure Report, Preliminary Title Report, Home Warranty)

DAY 2-3

Buyer Deposit is accepted according to the contract deadline. Standard contracts allow for a wire to be sent within 3 days of acceptance unless stated otherwise.

DAY 2-3

Buyer Deposit is accepted according to the contract deadline. Standard contracts allow for a wire to be sent within 3 days of acceptance unless stated otherwise.

DAY 3-4

Joint Escrow instructions are delivered to principals and all respected parties involved. Phone, virtual, or office meeting are then coordinated for their execution.

DAY 5-14

Seller & Buyer Packets and time sensitive documents promptly processed. Demands are requested for any existing loans/liens of record to deliver a clear title. Amended escrow instructions and estimates are prepared for new financing and according to any additional agreements made.

DAY 5-14

Seller & Buyer Packets and time sensitive documents promptly processed. Demands are requested for any existing loans/liens of record to deliver a clear title. Amended escrow instructions and estimates are prepared for new financing and according to any additional agreements made.

DAY 15-22

Any outstanding documentation is processed. Title and Lender items are reviewed. Any corrections or additional terms are amended and revised. All documents continue to be prepared for final closing.

DAY 23-Close of Escrow

Loan Documents are ordered and a loan signing is scheduled. All original signed documents are delivered to the appropriate parties. All final funds are received from the buyer and any financier applicable.

DAY 23-Close of Escrow

Loan Documents are ordered and a loan signing is scheduled. All original signed documents are delivered to the appropriate parties. All final funds are received from the buyer and any financier applicable.

Day of Closing

The Title Company receives confirmation from the County Recorder that the sale Deed and any applicable Mortgage Trust Deeds have been recorded in the county register. Once this confirmation is received all files are balanced out and all final monies and final settlement statements are provided to the principal parties.

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