Whether it's your first place or your next property, I'll advise you through the process. Contact me and I'll help you become a empowered buyer.

I'll Champion for You Through Closing

 Intero Real Estate Services can walk you through closing - 510-862-7000
First, a little about "escrow". When you're closing on your new place, a neutral, third party (known as the escrow holder or the escrow agent) is used to guarantee the transaction will close correctly and on time. Escrow companies hold money for "safe-keeping" in an exchange between a buyer and seller. An easy way to understand the concept of what an escrow company does is to compare it to PayPal for online purchases.

The escrow company makes sure that the terms and conditions of the agreement between the sellers and the buyers are met in preparation of the sale being finalized.

Escrow companies want to acquire the following legal documents:

  • Title insurance policies
  • Terms of sale and any seller-assisted financing
  • Requests for payment for various services to be paid out of escrow funds
  • Loan documents
  • Tax statements
  • Fire and other insurance policies

Closing on the property happens when the steps of the escrow are complete. At this time, all payments and dues for inspections, title insurance and real estate commissions are taken. Title to the home is then transferred to you as new homeowner and correct title insurance is issued as outlined in the escrow policy.

When closing is finished, you'll make a payment to the escrow holder. As your REALTOR, I'll inform you of the acceptable way of paying.

The Escrow Holder Will:

  • Write escrow guidelines
  • Perform a title research
  • Meet lender's guidelines as written in the escrow agreement
  • Intake payments from the buyer
  • Prorate insurance, tax, interest and other payments according to instructions
  • Record deeds and other legal documents as instructed
  • Obtain title insurance policy
  • Close escrow when all instructions of seller and buyer are complete
  • Disburse payments and finalize instructions

The Escrow Holder Won't:

  • Tell you what's best - the escrow holder stays at an impartial, third-party status
  • Dispense opinions about tax implications
The Escrow Holder Will:
The Escrow Holder Won't:
  • Write escrow instructions
  • Petition title research
  • Comply with lender's guidelines as written in the escrow agreement
  • Intake funds from the buyer
  • Prorate insurance, tax, interest and other payments according to instructions
  • Record deeds and other legal documents as instructed
  • Request title insurance policy
  • Close escrow when all terms of agreement of seller and buyer have been finished
  • Disburse monies and finish instructions
  • Advise you - the escrow company must stay at a fair, third-party status
  • Dispense opinions about the outcome of your taxes

Mortgage Escrow Account

A Mortgage Escrow Account is started to pay recurring fees while there is a loan on the house. Generally, the Escrow Account is partially funded at closing and the home buyer makes on-going contributions through their monthly mortgage payment.

This is a simple outline of the escrow process. Your particular methods may be unique based on your lender and your escrow agent.

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