The following things, which are necessary to the escrow, should be furnished as soon as possible to open escrow:

1. Correct legal description of the property. (Take a Property Profile with you to open escrow!)
2. Correct street address for the property: re: Number, Avenue, Drive, Street, and the correct Zip Code
3. Full names of parties involved in the escrow (initials are not enough; also, if a married couple is involved, the first name of the wife as well as the husband is essential). For either the Seller or the Buyer - if one spouse is taking title alone, then escrow needs the name of the spouse in order to process an inter-spousal Deed.
4. Information as to how the buyer(s) want to take title.
5. Names of all lien holders, both Mortgage Companies and private parties. Needed: company name; address; telephone number; and approximate unpaid balance.
6. Terms of new encumbrances OR terms of existing encumbrances.
7. Fire insurance information - new policy or assuming existing policy.
8. Current tax bill for pro-ration purposes.
9. Rental statement - list of tenants their rental amount, and security deposit.

After Your Escrow Is Open

1. Return your escrow instructions signed immediately. A Homeowner’s Association can delay the transaction and we need both sets of signed escrow instructions to order HOA docs.
2. When calling your escrow office, have your escrow number, and buyer and seller’s name.
3. Keep your escrow officer informed on any matters that may affect your closing.
4. Take care of the termite report - if you are the listing salesperson.
5. Take care of the insurance policy with the buyers, if you are the selling salesperson.

The more information you make available to your escrow officer, the smoother your escrow transaction will go, and the sooner it will close.

IF YOU HAVE ANY QUESTIONS, PLEASE CONTACT US at 714.508.0556