Castlehead Inc Escrows

Description

Prepare and comply with escrow instructions from the mutual direction of the principals. Request a title search from the title company selected by the principals to determine what title issues will need to be cleared before title can transfer to Buyer. -Request statements from any existing lender(s) or lien holder(s) upon direction of the Seller. -Comply with the lender's requirements as specified in escrow instructions. -Calculate the final monies which Buyer will need to bring in to close escrow and requests the funds from the Buyer. -Secure releases of the contingencies and conditions as stated in the escrow instructions. -Review the escrow instructions to verify if all conditions have been met and all funds from the Buyer have been received into escrow. If all is in order the loan funding is requested and recording of the transfer documents is authorized. -Receive confirmation of the recording and calculates the escrow file for prorations, payoffs, buyer and seller charges and escrow/title fees. -Disburse all funds that are deposited into escrow in accordance with the written instructions provided by the principals. -Prepare final statements accounting for all funds received into and disbursed from escrow.

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