FAQ
Frequently Asked Questions From Our Buyers
Upon receipt of your loan documents, we will “balance” with your lender and will contact you and your real estate agent with the amount of funds required to close.
We will contact you when your loan documents are ready to sign. We will ask for your availability and contact one of our qualified mobile notaries. They will then confirm the appointment with you.
Due to “good funds” laws, we are only able to accept a federal wire transfer for your closing funds. This ensures the funds cannot be retracted without our permission and we are able to disburse said funds to all involved parties immediately upon receipt of the wire.
It is a good idea to set aside at least 45-60 minutes for you loan signing in the event you’d like to read over your loan disclosures thoroughly. After identifying the true buyers and sellers, the title company may disregard the judgments, liens or other matters on public records under similar names.
The Statement of Information provides the title company with the information they need to distinguish the buyers and sellers of real property from others with similar names. After identifying the true buyers and sellers, the title company may disregard the judgments, liens or other matters on public records under similar names.
The day escrow closes is the day the deed records with the county and you become the owner of your new property. It can take 6-10 weeks from that date for the county to mail you the original signed/recorded deed. If you need a copy of the recorded deed before then, just ask your Escrow Officer and they can retrieve it from the title company.
Usually on the day you close escrow. Contact your real estate agent to make
arrangements to get your keys to the property.
Frequently Asked Questions From Our Sellers
All funds are disbursed within 24 hours after recordation.
Your lender continues to accrue interest to the date that they post your loan as being
paid in full. This could be one or two days from the date the title company sends your
payoff funds to your lender.
Federal law requires your lender to issue all refunds and overages within 30 days of
loan payoff. Contact your existing mortgage company to get an exact date on when the
refund will be issued.
The Statement of Information provides the title company with the information they need
to distinguish the buyers and sellers of real property from others with similar names.
After identifying the true buyers and sellers, the title company may disregard the
judgments, liens or other matters on public records under similar names.
The State of California and the IRS require sellers of real property to complete these
forms. After closing, Escrow will send these completed forms to both governing bodies
on your behalf.
Taxes are based on a fiscal year from July 1 st to June 30 th . Your proration date is the date you close. Your Escrow Officer can explain this in further detail.
Only cancel your homeowner’s insurance AFTER you receive your closing funds.
A Deed or Reconveyance is a recorded document issued by your previous lender in
conjunction with the payoff of your loan. This document is recorded at the county
recorder’s office and shows the mortgage in your name has been released from the
property and paid in full.
