Understanding Escrow

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Understanding Escrow Buyer and Seller Agree to terms. Buyer Pays Escrow Account. Escrow instructions & grant deed are signed. Offer is accepted and loan docs are sent to Escrow Officer. Escrow releases Funds to seller. Escrow Officer manages account And request documents. Detailed Loan amount is Secured & shared with seller. Escrow A neutral third party who makes sure that all obligations of a contract are fulfilled before money or property changes hands. The Seven Steps to a Successful Close

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Understanding Escrow

Transcript of Understanding Escrow

Page 1: Understanding Escrow

Understanding Escrow

Buyer and Seller Agree to terms.

Buyer Pays Escrow Account.

Escrow instructions & grant deed are signed.

Offer is accepted and loan docsare sent to Escrow Officer.

Escrow releases Funds to seller.

Escrow Officer manages accountAnd request documents.

Detailed Loan amount isSecured & shared with seller.

EscrowA neutral third party who makes sure that all obligations of a contract are fulfilled before money or property changes hands.

The Seven Steps to a Successful Close