Whether it's your first place or your next home, I'll walk you through the process. Call me at 7607273776.

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 Stoneridge Realty & Property Management Services can walk you through closing - 7607273776
Let's talk about "escrow". An escrow company is hired to assure your property closes on time and the money exchanging part of closing goes smoothly. A house is said to be in escrow when in the closing process, money is secured by a third party on behalf of a buyer and a seller when the exchange of money takes place. For example, in an Internet auction, PayPal is the secure third party that obtains the buyer's payment, and then sends the money to the seller.

The escrow company makes sure that all terms and conditions of the seller's and buyer's agreement are completed prior to the sale being finalized. This includes securing monies and paperwork, signing required forms, and obtaining the release documents for any loans or liens that have been paid off with the transaction, assuring you have a free title to your home before the negotiated price is fully paid.

The documents the escrow agent may secure include:

  • 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

Closing on the property takes place when the steps of the escrow are done. At this time, all payments and dues for inspections, title insurance and real estate commissions are taken. You'll then get the title to the home and the title insurance gets dispersed as outlined in the escrow instructions.

The escrow holder gets a payment when the closing is complete. As your real estate professional, I'll let you know what is an acceptable way of paying.

The Escrow Holder Will:

  • Prepare escrow guidelines
  • Perform a title research
  • Comply with the bank's guidelines as written in the escrow agreement
  • Intake payments from the buyer
  • Prorate tax, interest, insurance and other fees according to guidelines
  • Record deeds and other paperwork as instructed
  • Request title insurance policy
  • Close escrow when all instructions of seller and buyer have been finished
  • Disburse monies and finish instructions

The Escrow Holder Won't:

  • Offer advice - the escrow agent stays a neutral, third-party status
  • Give insight about tax implications
The Escrow Holder Will:
The Escrow Holder Won't:
  • Assemble escrow guidelines
  • Perform a title research
  • Meet the bank's guidelines as noted in the escrow agreement
  • Receive funds from the buyer
  • Prorate interest, insurance, tax and other payments according to guidelines
  • Record deeds and other paperwork as instructed
  • Request title insurance policy
  • Close escrow when all instructions of seller and buyer are complete
  • Disburse funds and finish instructions
  • Offer advice - the escrow holder stays at an impartial, third-party status
  • Offer opinions about future tax estimations

Mortgage Escrow Account

Creating a Mortgage Escrow Account helps keep track of on-going expenses while there's a loan on your house. Generally, the Escrow Account is partially funded at closing and the home buyer makes on-going contributions through their monthly mortgage payment.

Once you're at ease with the escrow process, you can be a informed buyer.


Stoneridge Realty & Property Management Services

1920 Shadowridge Drive #104
Vista, CA 92081