Part I of a series on the escrow process. Thank you to Kartikay Escrow for contributing portions of this blog.
The escrow process can be complicated, but a good escrow company with good escrow officers will help make it as simple as possible.
Even the best deal on a new home involves a whole lot of paperwork and a substantial amount of money being exchanged. To ensure that everything is completed at or near the date the deed is recorded to show new ownership, the necessary funds, documents, and instructions are placed with a neutral third-party into an escrow account. The signed sales contract, along with other information, acts as a set of instructions for the escrow officer. Escrow is a process, and since each home purchase is different, each escrow is unique. A depth of knowledge and experience keeps this process as smooth as possible.
What do I need to open…
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