To
better explain "Escrow" perhaps the following outline
will help you. Should you have any further questions concerning
the above or would like additional information, please don't
hesitate to call or contact us.
760.568.0344
Lender's/Real Estate Agent's
request to open escrow is received.
Title Insurance is/or has been ordered.
Lien information is requested and loan
payoff information is ordered
Title is reviewed for Judgements, Assessments,
Homeowner Dues, Leased Fixtures, Probate matters, Encroachments.
Loan documents are prepared by Lender
and received by escrow.
Escrow prepares closing documents and
estimated settlement statement.
Buyer is scheduled an appointment to
sign closing documents.
Escrow prepares funding package which
is delivered to the lender for approval.
Recording documents are delivered to
Title Company.
Upon lender approval, closing documents
are recorded and wired funds are received.
Upon receipt of recording numbers,
final settlement statements are issued and checks are disbursed.
Did You Know... Pacific Coast
Escrow Corporation is one of the few escrow companies
that has been serving Palm Desert and Palm Springs residential real
estate, Indian Wells and La Quinta residential real estate and the
entire state of California for over 30 years.