Escondido Homes – Life of an Escrow

Once you have written a contract on your Escondido real estate purchase and it has been accepted by the Escondido seller, your escrow should start.  Hopefully you have chosen to work with a full service escrow company like Pickford Escrow.  The following will describe what takes place during the four week escrow period based on a 30 day escrow period.

Week 1 – Opening Escrow on you Escondido home

• Escrow gets a copy of the fully executed purchase contract on your Escondido house.  Many times this includes counter offers.
• The Escondido buyer takes his deposit to escrow (usually within the first 3 days).
• The escrow company request lender information and/ or a pre-qual letter.  These can be provided by HomeServices Lending.
• Escrow opens a title order with the chosen title company.  Gary recommends California Title Company (CalTitle).
• Escrow request CC&R’s and payoff demands.
• Faxes escrow instructions to both Gary Harmon, your Escondido real estate agent, and the other Realtor.
• Sends out escrow packages to both the Escondido buyer and Escondido seller for completion.

Your Escondido Realtor, Gary Harmon will make sure the physical inspection, Disclosure Source natural hazard report, and pest control inspection are ordered.

Week 2 – Of your Escondido home escrow

• Gary Harmon, your top Escondido Realtor, will call escrow to make sure paperwork is being returned.
• The Escondido selling agent, will check to make sure the lender has the completed loan package.
• Make sure the credit report is in and the Escondido property appraisal is ordered.
• Title report and CC&R’s are sent to the Escondido buyer
• Check  to make sure termite inspection has been done and a copy forwarded to escrow.
• Check with Pickford Escrow to make sure payoff demands, HOA demands, and docs have been ordered.

Week 3 – Escrow on Escondido property continues

• You Escondido real estate agent checks with escrow to see what may still be outstanding. 
• Your Escondido Realtor follows up on outstanding items and checks loan status.
• Has the termite work on the Escondido real estate been finished?
• Have repairs been completed as specified in the Escondido home repair request?
• Order Escondido home protection plan from First American.

Final Week – Escondido home escrow

• Docs should now be back to escrow for a on  time closing
• Make an appointment with Escondido buyer to sign docs.  Also, let buyer know how much money to bring in.
• Go over any final items with your Escondido Realtor and transaction coordinator.
• All docs go back to the lender and escrow coordinates with lender to fund the Escondido buyer’s loan.
• When the loan funds, and documents record, your Escondido home escrow closes.  Your Escondido real estate agent will get you your key.

For more information on escrow, title, etc., contact Gary Harmon, your best Escondido Realtor.