When opening an escrow order, a letter requesting information is sent to the seller for details regarding the property. Once this letter is sent back. the closing agent starts the closing process based upon the information you provided. Once all parties are ready to close the transaction, the Real Estate Agent or Closing Agent calls and makes appointments for signing of the documents and Settlement Statements. When everything has been signed, moneys are received from the buyer and lender (if one is involved), authorization to record takes place. Documents are sent to the Court House for recording. Disbursement of funds occurs after recording. If closing is in the afternoon, recording and disbursement may not happen until the next business day. Proceeds to the seller can either be picked up, mailed or wired and/or deposited to a bank of seller choice.

When opening an escrow order, information is gathered by the Closing Agent regarding buyers names, forwarding addresses, phone numbers and lender information. When all parties are ready to close, the Real Estate Agent or Closing Agent will contact the buyers for an appointment to sign documents. The Closing Agent will okay the documents for signing and answer any questions the buyer might have. Upon signing and the receipt of all funds, deed and loan documents are sent for recording. Acceptable forms of payment to close are: cashiers check, check from a local bank ( with verified funds) or wired funds. Money market checks will delay the recording and disbursing of a closing. They have to clear our bank and payees bank, before we can record. Once recording has taken place and ownership has been transferred, all moneys are disbursed and the transaction is complete.

When you refinance your property, the lender will call and open an escrow order. When the lender and borrower are ready to close the refinance, they set up an appointment for the signing for loan documents. At signing the Closing Agent will go over all documents and answer any questions. Documents are then notarized and sent back to the lender for review. When refinancing your property, there is a recission period of three business days during which you may cancel the transaction. Once the recission period has expired and we have confirmation from the lender that the loan has been funded, recording of the documents occurs. Money is disbursed and the transaction is complete.