Page 9 - Master CA Sellers Guide

ESCROW FLOWCHART

Buyer Start Seller
selects a Realtor selects a Realtor
Buyer gets pre-approved by Buyer selects home and Seller reviews and accepts
Lender if new loan needed submits contract offer, if contract from Buyer
Buyer views home with contract gets accepted Escrow opened and
Various inspections ordered preliminary report ordered
Realtor Appraisal ordered by & Seller completes SI form,
Inspection reports sent & Tax Withholding form
to applicable party for completed for Lender Buyer advises Escrow Company
Loan documents prepared by of home insurance company
review Buyer receives final loan
Preliminary report received Lender & sent to Escrow approval from Lender
Buyer Deposits required funds Loan documents returned to
and approved by Buyer Lender for review
Closing documents compiled Lender “funds loan” Escrow Company ensures
(sends funds to escrow) all contract conditions
by Escrow Company
Separate appointments set: Buyer Receives keys have been met
Buyer & Seller sign documents from Realtor Final documents sent to

Documents recorded appropriate parties
and escrow closed

After recording confirmed,
Escrow Company disburses funds

Strength | Expertise | Service 9