- Receive and hold Buyer’s deposit as required on the purchase agreement in a non interest paying trust account.
- Follow mutually signed, written instructions agreed by Buyer and Seller before and during escrow.
- Issue Escrow Instructions and send out required documents to enable processing of the transaction for Buyer and Seller.
- Make sure escrow is in receipt of Buyer and Seller executed escrow documents in a timely manner and advise agents.
- Review preliminary title report for any items which need to be cleared and paid.
- Order payoff demands, HOA demands and City reports.
- Communicate with the real estate agents involved in the transaction to ensure a smooth transaction.
- Work with the Buyer’s lender (if applicable) in processing the transaction.
- Receive loan documents from Buyer’s lender and set an appointment with a notary to meet with Buyer.
- Order Evidence of Insurance from Insurance agent of Buyer’s choice.
- Send signed loan documents and all lender required items to the lender for funding.
- Make sure escrow is in receipt of all funds necessary to close escrow and pay the Seller proceeds.
- Make sure that all the proper documents are in escrow to provide the Buyer with a clear title to the property.
- Review and make sure the file is clear to close (final review).
- Set the file up to record with the title company once the lender has funded.
- Disburse final funds to all parties as per instruction upon receipt of confirmation of recording from the title company.
