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Gold Country Real Estate
Distance: 4.2 Mi3853 Taylor Rd Ste 400
95650 Loomis -
Capital Pacific, LLC
Distance: 6.7 Mi7150 Douglas Blvd
95746 Granite Bay -
Placer Funding, Inc.
Distance: 6.7 Mi4470 Yankee Hill Road Suite #210
95677 Rocklin -
Timberline RE
Distance: 7.1 Mi2968 State Highway 49 Ste A
95614-9478 Cool -
Capitol Investment Group
Distance: 7.4 Mi5175 Pacific Street
95677 Rocklin
Website Links
Description
Buying or selling a home is the largest monetary transaction most people will experience. As a buyer or seller, you want to make sure that all the conditions of sale has been met before property and money exchange hands. In order to make sure the instructions of both parties are completed, an Escrow Agent or neutral third party handles the paperwork and holds the monies. This process is called an escrow. In Northern California, Escrow Officers handle the escrow process. Escrow Officers are people who have years of hands-on experience in handling all the types of documents and large sums of money involved in transferring real property. The Escrow Officer serves as the neutral third party and the communication link to all parties in the transaction. The Escrow Officer holds all documents and money until all conditions of the sale are completed, at which time she will impartially carry out the written instructions given by the principals or agents in the transaction. An escrow is opened with your title company by one of the real estate agents involved in the transaction. When an order is opened, the agent will call the selected escrow officer. At this time they issue an escrow number which will be used to identify this transaction throughout the escrow. An Escrow is confidential and your escrow number is required in order to get any information when calling the office. When the order is opened, the real estate agent provides with all the information about the property When an escrow file is opened, the Escrow Officer actually make a list of all items necessary to close the escrow including the closing date. These may include the buyers deposit, loan documents, fire and other insurance policies, home warranty, termite report, terms of the sale and any seller-assisted financing, title insurance policy and requests for payments for various services to be paid out of escrow funds. The Escrow Officer cannot disburse any funds or information unless she is instructed to do so in writing. So the Escrow Officer will draw up a set of instructions which will put all the information in writing. These escrow instructions will be signed before the end of escrow.