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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 property, I'll help you through the process. Contact me.

    The Place is Almost Yours

     Solutions Real Estate can walk you through closing - (602) 576-5355
    First, a little about "escrow". An escrow agent is brought on to assure your place closes on time and the process goes smoothly. Escrow holders hold money for "safe-keeping" in an exchange between a buyer and seller. For example, in an Internet transaction, PayPal is the neutral third party that holds the buyer's funds, and then hands over the payment to the seller.

    Clearing the final hurdles like receiving funds, finishing forms, securing the documents for loans and liens, and assuring you get a clean title to the house prior to your purchase gets finalized are all parts of closing in which an escrow agent is useful.

    Escrow agents want to acquire the following forms:

    You're ready to close when every step is finished in escrow process. All expenses like title insurance, inspections and real estate commissions are paid. Title to the home is then given to you as new homeowner and correct title insurance is issued as outlined in the escrow instructions.

    The escrow company receives a payment when the closing is complete. I'll keep you updated on the next steps.

    The Escrow Holder Will:

    • Write escrow instructions
    • Request title inquiry
    • Meet lender's guidelines as noted in the escrow agreement
    • Accept payments from the buyer
    • Prorate tax, interest, insurance and other fees according to instructions
    • Record deeds and other documents as instructed
    • Request title insurance policy
    • Close escrow when all terms of agreement of seller and buyer are complete
    • Disburse funds and finish instructions

    The Escrow Holder Won't:

    • Offer advice - the escrow holder must stay at a fair, third-party status
    • Dispense opinions about the outcome of your taxes
    The Escrow Holder Will:
    The Escrow Holder Won't:
    • Assemble escrow instructions
    • Request title research
    • Comply with lender's standards as specified in the escrow agreement
    • Accept funds from the buyer
    • Prorate tax, interest, insurance and other fees according to guidelines
    • Record deeds and other documents as instructed
    • Obtain title insurance policy
    • Close escrow when all instructions of seller and buyer are complete
    • Disburse monies and finish instructions
    • Advise you - the escrow company has to remain an impartial, third-party status
    • Dispense opinions about tax implications

    Mortgage Escrow Account

    Creating a Mortgage Escrow Account helps keep track of on-going expenses while there's a loan on your house. Generally, the Escrow Account is partially funded at closing and the home buyer makes on-going contributions through their monthly mortgage payment.

    Now you know more about how to close on your future home. And, you can be a smarter home buyer and future homeowner.

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