How Escrow Works
 

The escrow holder makes sure that the terms and conditions of the agreement between the seller and buyer are performed prior to the sale being finalized.

These are the records that escrow companies usually compile:

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

You’re ready to close when each step of the done in escrow process. All expenses like title insurance, inspections and real estate commissions are paid. The property’s title gets handed over to you and title insurance begins per the steps of your particular escrow agreement.

When closing is completed, you’ll submit a payment to the escrow company. As your REALTOR®, I will let you know what is an acceptable form of payment.