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  • Tax statements
  • Fire and other insurance policies
  • Title insurance policies
  • Terms of sale and any seller-assisted financing
  • Requests for payment for various services to be paid out of escrow funds
  • Whether it's your first house or your next place, I'll advise you through the process. Contact me and I'll help you become a confident buyer.

    The Place is Almost Yours

     Your City Country Connection can walk you through closing - 707-303-6358
    Escrow: When you're closing on your new house, an escrow agent is used to make certain the process will close appropriately and in a timely manner. A house is said to be in escrow when in the closing transaction, funds is held by a third party on behalf of two parties when the exchange of money takes place. For example, in a Web auction, PayPal is the reliable third party that obtains the buyer's money, and then disburses the money to the seller.

    Clearing the final hurdles like receiving funds, completing forms, obtaining the documents for loans and liens, and making sure you get a clean title to the house before your purchase gets finalized are all part of the job of the escrow holder.

    These are the legal forms that escrow agents usually look to collect:

    Upon completion of all portions of the escrow, closing can take place. At this time, all payments and fees for inspections, title insurance and real estate commissions are taken. Title to the property is then given to you as buyer and appropriate title insurance is issued as outlined in the escrow instructions.

    When closing is finished, you'll make a payment to the escrow company. I'll keep you updated on the next steps.

    The Escrow Holder Will:

    • Prepare escrow guidelines
    • Perform a title inquiry
    • Meet lender's guidelines as noted in the escrow agreement
    • Receive payments from the buyer
    • Prorate insurance, tax, interest and other payments according to instructions
    • Record deeds and other legal documents as instructed
    • Obtain title insurance policy
    • Close escrow when all instructions of seller and buyer are complete
    • Disburse monies and finish instructions

    The Escrow Holder Will Not:

    • Give advice - the escrow agent must maintain a neutral, third-party status
    • Give insight about future tax estimations
    The Escrow Holder Will:
    The Escrow Holder Won't:
    • Write escrow instructions
    • Perform a title search
    • Comply with the bank's requirements as outlined in the escrow agreement
    • Receive payments from the buyer
    • Prorate interest, insurance, tax and other payments according to guidelines
    • Record deeds and other paperwork as instructed
    • Request title insurance policy
    • Close escrow when all terms of agreement of seller and buyer have been met
    • Disburse funds and finish instructions
    • Give advice - the escrow holder stays a neutral, third-party status
    • Offer opinions about future tax estimations

    Mortgage Escrow Account

    Creating a Mortgage Escrow Account helps keep track of on-going expenses while there's a loan on your house. Usually, the home buyer makes a payment at closing and also makes regular deposits through their monthly mortgage payment to fund the Escrow Account.

    Now you know more about being in escrow. And, you can be a smarter home buyer and future homeowner.