Home Buyer's Guide
The Sales Process
Escrow - What Do I Need to Do?
The Escrow company is a neutral third party whose purpose is to prepare the buyer/seller escrow instructions and to make sure that all conditions are followed by all parties and to hold funds until the title transfers from the seller to the buyer.
All documentation signed by the buyer and seller are sent to the Escrow company where the buyers earnest money deposit will be cashed and an escrow account opened. During the escrow you will receive various documents such as Escrow Instructions and the Preliminary Title Report. These documents should be read very carefully, reviewed for errors, and sent back to the Escrow company at your earliest convenience so your closing is not delayed. Refer to your Master Customer Agreement for details. The Escrow company will also assist you with the signing of your loan documents (if any) and the procuring of funds needed to close the escrow.
