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Residential Resale

With our extensive experience, unwavering professionalism, and meticulous attention to detail, we have become the most trusted choice for every resale transaction. Our commitment to completing each escrow seamlessly and on schedule has earned us a reputation as a dependable partner in the closing process.

In the sale or purchase of a pre-owned home, Escrow plays a crucial role in ensuring that all parties involved in the real estate contract meet the necessary steps and requirements. The following are some of the key responsibilities of Escrow in this process:

  • Escrow ensures that both the buyer and seller fulfill all necessary forms and instructions required to comply with federal, state, and local government regulations for completing the transaction.
  • As part of the transaction process, the buyer is responsible for depositing the funds required to cover the total sales price and any additional costs. In most cases, the majority of funds are obtained through lender financing. However, in some transactions, buyers may also assume the seller's current loan, secure financing directly from the seller, or pay the full amount in cash.
  • It is the responsibility of the buyer to provide all necessary documentation required by the new lender.
  • Escrow prepares a deed to the property, which the seller then deposits in favor of the buyer prior to the close of escrow.
  • Escrow orders the payoff statements for any existing liens encumbering the subject property
  • Escrow provides the lender with an opening package which includes an estimate to disclose title and escrow fees, escrow instructions, preliminary title report and other lender required items.
  • When the Buyer secures a loan, Escrow not only packages the loan documents for signature but also processes the package for funding.
  • Escrow ensures that all escrow funding conditions have been satisfied.
  • The seller provides all necessary disclosure reports and governing documents related to any applicable Homeowners Associations.
  • The new lender deposits the loan proceeds.
  • Upon completion of all Escrow conditions, the deed is recorded to transfer property ownership to the buyer. Additional documents, such as the lender's security document (trust deed), may also be recorded at this time. The sellers receive the net proceeds from the sale.

Selecting an Escrow company that provides exceptional personal attention and the highest level of customer service is paramount for a positive closing experience. Your Escrow Officer must be proficient in meeting deadlines and possess a thorough understanding of all aspects of your transaction. As every residential resale transaction is distinct, you can have confidence in Escrows For You, Inc. to complete the job efficiently and effectively.

At Escrows For You, Inc. our team possesses the expertise and experience required to manage various types of Residential Resale transactions effectively. With decades of experience, our team is equipped to handle your transaction with precision and efficiency, ensuring a timely completion.

Additional Services

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Refinance

Refinance

Definition: Refinancing is the process of replacing an existing mortgage loan with new financing, wherein the funds from the new loan are utilized to satisfy the current loan, using the same property as collateral.

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Commercial & Industrial

Commercial & Industrial

Definition: The purchase or sale of a property that is zoned for commercial or industrial use is known as a commercial transaction. These transactions can be particularly challenging, making them some of the most complex real estate deals to finalize.

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For Sale By Owner (FSBO)

For Sale By Owner (FSBO)

Definition: To engage in a home sale or purchase without the assistance of a Real Estate Agent.  Escrows For You can expertly manage your “For Sale by Owner” (FSBO) transactions with ease and efficiency.

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