Select a licensed real estate broker to represent you.

You have a choice. Remember that only independent escrow providers licensed by the California Department of Business Oversight are 100 percent neutral third parties. Their only concern is to monitor the real estate transaction and safeguard trust account funds. Independent escrow providers are specialists whose sole purpose is providing escrow. Escrow is their only business.

If you have judgments against your property and don’t say anything to anyone, you should know that a search of public records is automatic and will reveal any liens. If you don’t let your broker or escrow officer know about potential problems in advance, your escrow will be delayed.

If you have questionable credit, tell your broker or mortgage lender. He or she knows the steps you need to take to clean up your credit. Every lender requires a credit report. Today, many borrowers go through a prequalification process before looking for a home. If you are prequalified, you know how much of a loan you can obtain and, therefore, how much you can spend on your new home.

The escrow officer may periodically contact you requesting pertinent information. There is always a good reason for the request. Just ask the escrow officer if he or she needs more details, then get the information he or she needs as soon as you can. Remember that nothing happens until the escrow is closed. Thinking “If I don’t respond, maybe they’ll forget about it” is not going to work.

You will be required to meet with an escrow officer when it is time to sign the loan documents. Remember, signing documents is at least an hour-long affair. The escrow officer will go through and explain each document you must sign. Also remember that all persons taking title will need to sign the loan documents.

Make sure you have addressed your insurance needs. Select an insurance agent and inform your escrow officer in advance. Talk with your agent to determine your insurance needs. You must have fire insurance. You may also want a homeowner’s policy. Most lenders require title insurance as well. Your lender will require the name and address of your insurance agent. Be sure to have this information well in advance of the date escrow is to close.

Make sure you have completed all walk-throughs, inspections and other contingencies like termite inspections and any required city permits. Many things can delay the close, so be informed and prepared.

To expedite the escrow closing, you may be asked to bring the following items:

  – Buyers and sellers: Driver’s license or passport (some form of photo ID)

  – Buyers only: The name and address of your homeowner’s insurance agent

  –  Sellers only: If your home is a condominium, make sure you have a copy of the HOA information

We are able to accommodate our customers that wish to use their bit-coin or cyber currency to purchase real estate or business. At this time due to the law said currency will need to be exchanged for U.S.A. Dollars.

Many people are involved in most real estate transactions. It takes cooperation and communication between all of these entities to ensure a smooth escrow close. A positive outlook and a quick response to anything asked of you will encourage this cooperation. Many things can hold up an escrow, so make sure you’re not one of them. 🙂