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2020 Buyer's Guide Step 9

YOUR SIGNING APPOINTMENT

The following is a list of items you will need to be aware of PRIOR to your signing appointment with
the title company.

First, please be advised that the signing appointment is for the signing of escrow papers and loan documents
ONLY and does not mean the transaction is complete. If a loan is involved for the purchase, those
documents must be signed and returned to your lender for review. Once reviewed and accepted by the
lender the loan funds are wired to the title company and recording can take place.

Only then is Close of Escrow complete. Close of Escrow means recordation of the Deed(s). Signing means
literally signing all necessary papers and documents in order to achieve Close of Escrow.

Taking Title
Decide how you would like to hold the title to your new home. The Ways to Take Title page shows the
different ways you can hold title to real property in the state of Arizona. You may wish to consult your lawyer
or qualified professional (CPA) before making a decision.

IF NOT ALREADY DONE, PLEASE INFORM YOUR ESCROW OFFICER OF YOUR DECISION PRIOR TO
YOUR SIGNING APPOINTMENT.

Funds to Close

Arizona is a Good Funds state and as such requires funds to close to be immediately and readily available.
Since cash is not acceptable at the title company, your best choice is to have Funds to Close wired the day
before your Close of Escrow date. Even a certified or cashier’s check is not considered immediate until it is

deposited and cleared through the title company's trust account. That can take more than 24 hours to
accomplish.

Lender's Requirements
Make certain you have satisfied all of your lender's requirements for obtaining a mortgage loan.
Communication with your loan officer is critical for a smooth loan process.

Fire and Hazard Insurance

Make arrangements with your insurance company to provide a homeowner’s policy for your purchase.
Provide the escrow officer with your agent's name, company, address, and phone number prior to your
signing date.

Identification
Photo identification is required by providing a US or state issued current driver's license, passport, or another

form of U.S. or state government issued identification. Many documents need to be notarized and therefore,
no exceptions can be made to this requirement. Please verify prior to your signing
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appointment that the identification you have will be accepted.