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12501 Seal Beach Blvd #130
Seal Beach, CA 90740
Phone: 562-799-1490
Phone: 714-892-2923
Fax: 562-799-1494
Email:
kim@citywideescrow.com |
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What Escrow needs from the Seller : |
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Name,
address and loan number of each lender to whom you
are making loan payments (bring in payment coupon
showing balances, loan numbers, etc. on all loans
against your property).
- The
approximate unpaid balance of each loan and the "type"
of loan.
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The
name of the Homeowner's Association, address, phone
number, and the amount of the monthly dues. Copies
of the By-Laws, Articles of Incorporation and Covenants,
Conditions and Restrictions - CCR's must be delivered
to the buyer prior to the close of escrow.
- Current
Tax Statement and receipts, if available.
- Complete
list of tenants, if any, including amounts of rents,
date to which paid, the amounts of security deposits,
and copies of all leases, if applicable.
- Name,
address and phone number of each real estate broker
to be paid a commission.
- Name
of the title company to issue policy and the type
of title insurance to be furnished.
- Is
there Water Stock for the property? If so, furnish
escrow with the name, address of the Water Company
together with the Stock Certificate for property Assignment
and proration.
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What Escrow needs from the Buyer : |
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Your
exact name, marital status and manner in which you
wish to acquire title. (You may wish to consult
your attorney and/or CPA before making this decision
There are many ways you may want to hold title such
as, Joint Tenants, Community Property, Community
Property with Right of Survivorship, Separate Property,
etc.)
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Name
and address of your proposed lender. Also, the name
and phone number of your loan representative.
- Terms
of your new loan - how much do you want to borrow
?
- Your
fire insurance agent's name, address and phone number
and amount of insurance to be written.
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What Escrow needs from the Realtor : |
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Deliver to escrow a copy of the Residential Purchase
Agreement and Joint Escrow Instructions, fully executed
by all parties involved.
- Fully
executed copies of all counter offers, if any.
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Name, address and phone number of each real estate
agent to be paid a commission.
- Is
this escrow contingent upon the closing of another
escrow?
- Is
this escrow to close concurrently with another escrow,
but not necessarily contingent upon that escrow?
- Name
and address of lender for Buyer's new loan.
- Name
of title company to issue title insurance policy,
along with the type of policy requested and amount
of coverage.
- When
do you want the escrow to close?
- What
items are to be prorated through escrow?
- Is
there Water Stock for the property? If so, furnish
escrow with the name, address of the Water Company
together with the Stock Certificate for property Assignment
and proration.
- Who
is the Termite Company (Agent orders the termite report
and completion)?
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All terms of the sale of which escrow is to be concerned.
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