Life of an Escrow
Buyer and Seller enter into a sales agreement.
Escrow is opened and earnest money deposited.
Preliminary title report is ordered.
Preliminary title report is received, reviewed, and sent to appropriate parties.
Escrow Officer orders payoff demands, homeowners association information, and any other liens. Taxes are reviewed and any other requirements shown
Application is made for a new loan. Financing is processed (if applicable)
Escrow is a facilitator to assist all parties in the execution of the transaction.
on the preliminary title report are addressed.
Loan Approval is obtained.
Loan documents and fees are prepared by lender and sent to Escrow Officer.
Calculate settlement and closing statement. Closing documents are prepared.
Review file to determine that all conditions have been met. Calculate settlement and closing statement. Closing documents are prepared.
Buyers and Sellers sign instruments and funds are taken from the buyer. Documents are recorded, funds are disbursed, and keys are delivered.
Sentry Dynamics, Inc. and its customers make no representations, warranties or conditions, express or implied, as to the accuracy or completeness of information contained in this report.
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