Page 22 - AZ Home Guide

CONTRACT TO CLOSING WITH FINANCING

Receipted
/Escrow
Open

Title
Title Title Plant Examiner Commitment
& Tax
Completes
Company Department Title Search to Issue Title
Insurance
**

Title Prepares CLOSING
Title
All Parties
Receives
BUYING Close from Lender Documents FUNDING
CONTRACT
Closing
Agree to
&
Instructions
***
Info. Loan Loan
Mortgage Gathered Submitted Approved
& Closing
Company & for Instructions
Packaged Approval Sent to Title

Loan
Processing
Begins*

***Document Preparation
**Title Search • Survey (if applicable)
• Conduct property search - owner’s of • Warranty Deed and Note ordered
*Loan Process record, liens, etc. • Deed of Trust, Release of Lien
• Lender verifies buyer’s income, stability, • Review for Clouds on Title • Pay off figures from existing liens
credit and assets • Conduct search on buyer and seller: liens, • Insurance endorsement
• Lender confirms property value via appraisal lawsuits, divorces, probates, etc. • Termite report

21 ARIZONA HOME GUIDE | PTAAZ.COM