Life of an Escrow

Life of an Escrow

The Birth
  • Receive Purchase & Sale Agreement and/or Loan Setup
  • Assign Closer And Escrow Number
  • Order Title Report
Search and Review
  • Review Purchase & Sale Agreement
  • Review Preliminary Title Report
  • Contact Parties For Needed Information
Hunt & Gather
  • Obtain Payoffs on Liens/Bills To Be Paid Through Escrow
  • Obtain Title Clearing Documents
  • Obtain Commission Disbursements
  • Receive Loan Documents From Lender
  • Prepare Settlement Statement & Documents
Signing
  • Set Signing Appointments With Parties
  • Parties Deposit Documents and/or Funds Into Escrow
The Race
  • Return Loan Documents to Lender
  • Send Documents To Be Recorded To The Title Company
  • Lender Authorizes Funding
  • Title Delivers Documents To County Recorder
  • Lender Wires Loan Proceeds To Escrow
Disbursement
  • All Encumbrances And Bills Paid
  • Proceeds Available To Seller
  • Checks Available To Agents
  • Mortgage Broker Check Available
Home Stretch
  • Final Copies To All Parties
  • Record Reconveyances And Releases
  • Final Title Policies To The Parties

 
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Office Hours

Pro Escrow
SHORELINE OFFICE
206-546-2706
8:30 am to 5:30 pm
Monday - Thursday
Accommodates signings thru 6:00pm
Friday: 8:30 am to 5:00 pm

Branch EVERETT OFFICE
425-348-6100
8:30 am to 5:00 pm
Monday - Friday

 

What is Escrow

Escrow is the neutral third party who handles the transfer of documents and monies involved in the closing of a Real Estate transaction based upon a written instructions from the buyer and seller and lender involved.
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The purchase of a home is the single largest investment most people make in their lifetime.

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