Page 10 - Cara's Buyer Guide
P. 10
7) Request Closing Funds: The Escrow Officer cannot disburse any funds until all items have cleared and become available for withdrawal.
8) Prepare File For Closing: The Escrow Officer accounts for all funds and documents and verifies that the parties have complied with all of the escrow instructions.
9) Order Recording: The Escrow Officer authorizes the title company to record the necessary documents.
10) Close Escrow: Hooray! The escrow holder can “close escrow” after confirming re- cording by: preparing settlement statements for Buyer and Seller, disbursing all funds, and delivering documents to all parties involved.
