Escrow Checklist for Buyers

 When we successfully get your home into contract your Invesdoor® Agent will open escrow with a local Title   Company. Once that’s done, they will help you with the following:

 Escrow Requirements:

  • Provide Escrow Officer with your preferred method of contact:                                                             Home, work, cell or email.

  • Choose how to hold title – consult with legal counsel or                                                                                attorney.

  • Let your Escrow Officer know if funds are coming from the sale                                                                      of an existing home.

 Hazard Insurance (if not a condo or town home):

  • Obtain quotes.

  • Make a decision on your agent and coverage.

  • Give your Escrow Officer the agent’s name and phone number                                                        (Preferably 30 days prior to close of escrow)

 Loan Approval:

  • Provide Lender with all documents for loan approval.

  • Ensure names are spelled correctly on loan application and as                                                                      you would like them to appear on your deed.

  • Remind your Loan Agent that your Escrow Officer needs your loan documents prior to your orientation date.

 Your Escrow Appointment:

  • Upon receipt of your documents, your Escrow Officer will call you with amount needed to close, required in the form of a wire transfer or a cashier’s check, drawn on a California bank, and payable to Invesdoor®.

  • All individuals named on the loan documents must be present at the signing. If this presents a conflict, please speak with your Escrow Officer as soon as possible.

  • All must present valid identification – acceptable forms include a current Driver’s License, Passport, California Department of Motor Vehicles, or other California-approved identification card, provided it has a photograph, description of the person, signature of the person and identifying number.

   Contact your Invesdoor® Agent if you have any questions specific to your transactions. We’re here to help!

   

 

   "Excellence is not an act.  It's a habit."                                                                                                     www.invesdoor.com

You have an entire team working to ensure your transaction is a success. Below are the best sources for particular questions:

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  • Details of your purchase agreement – Real Estate Agent

  • Final amount needed to close escrow (after receipt of loan papers)

  • Possession and key to home – Real Estate Agent

  • Hazard/Fire Insurance – Insurance  Agent

  • Loan requirements and financial matters – Lender or Mortgage Company

  • Escrow Instructions – Escrow Officer or Escrow Assistant

  • How to take title or ownership – Attorney or Legal Advisor

  • Questions regarding property tax impounds – Lender or Mortgage Company