16 - Close Escrow.
to closing the deal, you need to ensure
that escrow gets a copy of your new
home insurance and that any balance
of the purchase funds be deposited
with escrow. Escrow will also provide
you with a "Pre-Buyer Closing
Statement" which discloses all
of your charges (debits) and credits
in the transaction. It is imperative
that you carefully scrutinize this
document to ensure its accuracy.
your loan is fully approved, escrow
requests loan documents from your
lender and schedules a closing date
and time for you to come in to execute
a considerable amount of paperwork!
For this reason, the closing session
is characteristically known as a "signing
spree". Once this "blistering"
session is complete, escrow requests
your loan funds from the lender. Normally,
the day after the loan funds are received,
the deed conveying the title to the
Buyer is recorded at the county recorders
office. It is one of the most exhilarating
experiences in life to get the call
from your Pacifica West Properties
agent congratulating you on your new
information contained on this web site is copyright 2002 Pacifica West Properties.
All rights reserved.
This web site is not intended as a solicitation if your property is listed with