Many times buyers (particularly first time home buyers) are not familiar with escrow requirements when they purchase real estate.
First of all, escrow needs all of the buyer’s contact information: home, work, cell and email.
Secondly, a packet from escrow will be provided to you and they will need to know how you would like to hold title to your home.
You also need to let Escrow know if funds are coming from the sale of an existing home.
After your loan documents have been received, Escrow will let you know what the amount is needed to close. Funds need to be in the form of a wire transfer or cashier’s check payable to the Escrow Company.
You also need to provide Escrow with the name of your insurance agent and phone number prior to close of escrow.
At Signing: All individuals named on the Deed and/or Mortgage must be present. Everyone must present a valid identification in the form of: a current Driver’s License, Passport, Department of Motor Vehicles Identification Card or other approved identification card provided it has a photograph, description of the person, signature and an identifying number.
You will receive the keys from your real estate agent and the recorded deed will be mailed to you from the County Recorder’s Office.
First of all, escrow needs all of the buyer’s contact information: home, work, cell and email.
Secondly, a packet from escrow will be provided to you and they will need to know how you would like to hold title to your home.
You also need to let Escrow know if funds are coming from the sale of an existing home.
After your loan documents have been received, Escrow will let you know what the amount is needed to close. Funds need to be in the form of a wire transfer or cashier’s check payable to the Escrow Company.
You also need to provide Escrow with the name of your insurance agent and phone number prior to close of escrow.
At Signing: All individuals named on the Deed and/or Mortgage must be present. Everyone must present a valid identification in the form of: a current Driver’s License, Passport, Department of Motor Vehicles Identification Card or other approved identification card provided it has a photograph, description of the person, signature and an identifying number.
You will receive the keys from your real estate agent and the recorded deed will be mailed to you from the County Recorder’s Office.
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