Page 9 - AZ Home Guide
P. 9
THE LIFE OF AN ESCROW WITH FINANCING GENERAL
Accepted Contract is sent to Inspections are ordered,
Pioneer Title Agency, Earnest completed reports are sent Title Commitment is received
Money is collected, and Title to applicable parties, and and sent to Buyer for approval.
Commitment is ordered. notifications are sent.
Lender sends final loan Buyer selects Home Insurance
approval and prepared Appraisal is ordered and Company and provides
loan documents to completed for the lender. information to their lender
Pioneer Title Agency. and Pioneer Title Agency.
Closing documents are compiled Loan documents are returned to Lender “funds loan” by
by Pioneer Title Agency, and the lender for funding review, sending funds to escrow,
separate appointments are set and Pioneer Title Agency ensures documents are recorded,
for the Buyer and Seller to sign. all contract conditions are met. and escrow is closed.
The final documents are After recording is confirmed,
sent to all interested Pioneer Title Agency disburses
parties of the transaction. funds per instructions.
Buyer receives the keys CONGRATULATIONS!
from their REALTOR . Escrow is complete!
®
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