Premier Group Realty West
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Buying Your Next Place: ClosingEscrow Clearing the final hurdles like taking in funds, completing forms, obtaining the documents for loans and liens, and making sure you a spotless title to the property before your purchase gets finalized are all part of the job of the escrow holder.
Whether it's your first home or your next house, we'll advise you through the process. Contact us.
Closing on the property takes place when all of the procedures of the escrow are done. All payments owed and fees are collected and paid at this time (covering expenses such as title insurance, inspections, real estate commissions). The house's title goes to to you and title insurance begins per the policies of your individual escrow agreement. At the close of escrow, payment of funds shall be made in an acceptable form to the escrow. You'll know when it's time to submit the form of payment.
Mortgage Escrow Account A Mortgage Escrow Account is used to pay on-going fees while there is a loan on the house. Generally, the Escrow Account is partially funded at closing and the home buyer makes on-going contributions through their monthly mortgage payment. Now you know more about being in escrow. And, you can be a better informed home buyer and future homeowner. |
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Premier Group Realty West
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Information provided by IMLS is deemed reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity(sm) Program of IMLS. Real estate listings held by brokerage firms other than Premier Group Realty West are marked with the IMLS logo and detailed information about them includes the name of the listing brokers. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information last updated on 2024-03-18 17:30:09.