Page 10 - Kim Sargent GuideSellerCustom.pdf

Steps In the Home Purchase Process

• Loan Status Report (LSR)
• Contract negotiation and acceptance and Sellers Property Disclosure (SPD)
• Escrow is opened and Title Report is ordered
• Begin loan process
• Home inspections period. Contact hazard insurance company to verify property and individual insurability
• Appraisal is ordered by lender
• Loan documents drawn by lender

• Loan and escrow documents signed at Driggs Title Agency/final closing deposit is made
• Funding by lender
• Recordation of loan and escrow documents with County Recorder
• Property transfer is complete

9