Escrow

Document Sample
Escrow Powered By Docstoc
					PREPARE ESCROW INSTRUCTIONS & PERTINENT DOCUMENTS

THE LIFE OF AN ESCROW
Order Title Report

O B T A I N S I G N AT U R E S

Request Beneficiary Statement IF Loan is to be Assumed or Taken “Subject To” Request Demands (if loan is to be paid off). Request Clarification of Other Liens (if any) & Review Taxes on Report Have Borrower/Owner Approve Demands Forward Demands to Title Company Receive Demands & Enter into File

Receive & Review Title Report Have Buyer/Borrower Approve

Review Terms of Transfer & Current Payment Status. Have Beneficiary Statement Approved by Buyer/Seller Send Certified Copy of Escrow Instructions & Title Report to Lender Receive Loan Approval, Prepare Lender Rate, Terms & Ammendments Request Loan Documents

Process Financing

Arrange for Loan Documents to be Signed & Notarized

Review file to determine that all conditions have been met & that all documents are correct & available for signature. (Termite Inspection, contingencies released, fire insurance ordered, additional documents, second deed of trust, bill of sale, etc... have been prepared.) Figure file and obtain signatures on estimated closing statements & all remaining documents/instructions from Buyer & Seller Obtain Funds from Buyer Request Loan Funds

Forward Documents to Title Company

Return Loan Documents

Receive Loan Funds Order Recording

TAMMIE COULTER 805.207.3941 JAMES FEDERIS 805.402.3518

Complete Closing, Forward Final Documents to All Interested Parties

Close File, Prepare Statements & Disburse Funds

&


				
DOCUMENT INFO
Categories:
Tags:
Stats:
views:40
posted:5/6/2009
language:English
pages:1