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Escrow is opened and buyer deposits "earnest money" into escrow. |
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Seller submits documents and information to escrow holder, such as:
- addresses of lien holders
- tax receipts
- equipment warranties
- home warranty contracts (if any)
- any leases and/or rental agreements. |
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Seller approves and signs the escrow instructions, grant deed and other related documents required to complete the transaction. |
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Seller orders inspections, receives clearances and approves final reports and/or repairs to the property as required by the terms of the purchase and sale agreement (responsibility for inspection procedures may vary). |
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Buyer and Seller fulfill any remaining conditions specified in the contract and/or escrow instructions; approves the pay off demands and/or beneficiary's statements. |
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Buyer and Seller approve any final changes by signing amendments to the escrow instructions or contract. |
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Buyer and Seller fulfill any remaining conditions specified in the contract and/or escrow instructions; approves the pay off demands and/or beneficiary's statements. |
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Note: The above is general information only. Your situation may differ. Please consult your real estate professional for details about your specific situation. |
