Let Us Shine Some Light on the Escrow Process! 

The principals to the escrow: Buyers, Sellers, Lender & Borrower; cause escrow instructions, in writing, to be created, signed and delivered to the escrow officer. If a broker is involved, he will normally provide the escrow officer with the information necessary for the preparation of your escrow instructions and documents.  The escrow officer will process the escrow, in accordance with the escrow instructions, and when all conditions required in the escrow can be met or achieved, the escrow will be 'closed'. Each escrow, although following a similar pattern, will be different in some respects, as it deals with your property and the transaction at hand.

• The duties of an escrow folder include:
• Following instructions given by principals & parties to the transaction in a timely manner
• Handling the funds and/or documents in accordance with the instructions
• Paying all bills as authorized
• Responding to authorized requests for the principals
• Closing the escrow only when all terms of the contract have been fulfilled according to instructions
• Preparing the closing settlement statement

RECEIVE

Purchase & Sale Agreement and/or Loan Setup
Assign Closer and Escrow Number
Order Title Report

REVIEWING

Review Purchase & Sale Agreement
Review Preliminary Title Report
Contact Parties for Needed Information

RESEARCHING

Obtain Payoffs on Liens/Bills to be paid through Escrow
Obtain Title Clearing Documents
Obtain Commission Disbursements
Receive Loan Documents from The Lender
Prepare Settlement Statement & Documents

SIGNING

Set Signing Appointments with the Parties
Parties Deposit Documents and/or Funds into Escrow

COORDINATING

Return Loan Documents to the Lender
Send Documents to be recorded to the Title Company
Lender Authorizes Funding
Title Delivers Documents to the County Recorder
Lender Wires Loan Proceeds to Escrow

DISBURSING

All Encumbrances and Bills Paid
Proceeds Available to Seller
Checks Available to Agents
Mortgage Broker Check Available

CLOSING

Final Copies to all Parties
Record Reconveyances and Releases
Final Title Policies to the Parties