ESCROW SIGNING APPOINTMENT
The more conscientious and knowledgeable the parties are about the escrow process, the smoother the escrow transaction will be. There are several pieces of information that you will be required to supply to your escrow officer. Please contact the escrow officer with any questions.
THE FOLLOWING IS A BRIEF LIST OF ITEMS THAT YOU WILL BE EXPECTED TO PROVIDE TO YOUR ESCROW OFFICER: Identification - Acceptable forms include: a current California driver's license or identification card, valid passport or other approved California identification that includes a photo, physical description and signature. Check with your Escrow officer for acceptable forms of ID.
Cashier's Check - Obtain a cashier's check or certified check made payable to the title company in the amount indicated by your Escrow Officer.
How you wish to hold title to your home - There are several different title vesting options (see chart on next page) and each one has a different tax, legal, and/or estate consequences. It is wise not to rush through this part of the escrow paperwork. Rather, you should do your homework and consult a licensed attorney or tax professional if you have questions.
PRIOR TO YOUR SIGNING APPOINTMENT, THE FOLLOWING ITEMS, IF NEEDED, SHOULD BE TAKEN CARE OF:
Final walk-through of the home - Before close of escrow, it is very important to perform a final walkthrough of the home with your agent. This is your last opportunity to make any changes.
Satisfy all lender requirements - You must satisfy all lender requirements prior to closing.
Homeowner's Insurance Information - Provide your Escrow Officer the insurance agent's name and phone number prior to your signing so that a copy of the policy can be sent to the lender and the first year's premium can be paid through escrow.
Power of Attorney - If a Power of Attorney is desired, arrangements must be made with your Escrow Officer up to two weeks in advance.
Transferring of Escrow Funds - If you wish to wire or transfer funds for closing, arrangements must be made in advance with your Escrow Officer.
Windermere Real Estate
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