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"Opening Escrow"
occurs when your Incredible Real Estate agent brings in a contract
with your earnest money deposit to the Title Agency. The escrow
officer needs to have all signatures on the purchase contract and
related documents. They will accept the contract with final signatures
of a party to be forthcoming. They will make arrangements to get
signatures if a real estate agent is unable to do so.
Your escrow officer
reviews the contract, receipts in the earnest money, orders the
Commitment for Title Insurance, and prepares the documents required to
close escrow. All of the documents are double checked by your escrow
officer; however, it is the final responsibility of your Incredible
Real Estate Agent to review the documents, explain them to you, and
make any necessary changes or submit approval.
The Title Agency will do
their best to understand the contract as presented, to take all calls
or return them promptly, and to send out documents in a timely manner.
During the last few days of the month, they are extremely busy closing
escrows already in progress; therefore, sometimes they are not always
quite as responsible . . . but your transaction is important to them
and they will get back to you as soon as possible.
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Buying A
Home
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Loan
Information
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