Key affiliated companies during escrow....title company, lender and escrow. Find current South Bay homes for sale, Realtors®, and current home values in Southern California's South Bay. Find real estate listings with our free home search and South Bay MLS access, open houses, real estate agents, and our South Bay Brokers listings.  
 
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Key Affiliated Companies During Your Escrow

Your Title Company . . .
• Researches title history of property
• Provides preliminary title report to escrow
• Insures property title in your name
• Records title transfer with County Recorders Office

Your Lender . . .
• Determines your borrowing power prior to looking
• Assists in loan application process
• Makes necessary verifications and approves application
• Orders property appraisal and approves the value
• Forwards loan proceeds to escrow

Your Escrow Company . . .
• Serves as the neutral depository of funds
• Main facilitator of communications to all parties
• Prepares escrow instructions and amendments as required
• Orders preliminary title report
• Forwards preliminary title report to seller, buyer and lender for approval
• Requests beneficiary statement if there is an existing loan
• Oversees compliance for all specified loan requirements
• Prepares or secures the deed and/or other documents
• Meets with buyers and sellers to sign loan documents and other paper work
• Receives purchase funds from buyer and other sources, if any
• Prorates taxes, interest, insurance and rents, if any, according to instructions
• Requests issuance of title policy
• Informs lender when all conditions are met and requests funding
• Forwards deeds and other documents, as instructed, for recording to title company
• Disburses funds as authorized and closes file
• Prepares final statement showing disposition of all funds

 

South Bay Brokers

1640 So. Pacific Coast Hwy.
Redondo Beach, CA 90277
(310) 375-0583
(310) 375-9616 Fax
2501 No. Sepulveda Blvd., 2nd Floor
Manhattan Beach, CA 90266
(310) 546-7611
(310) 545-0515 Fax

 
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