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The Escrow Officer is a neutral party that hold and disburses the parties’ funds, prepares an accounting of the transaction, and prepares deed to transfer ownership under written instructions – all in accordance with terms of the Sale Agreement.
A preliminary title report is then issued revealing all matters of public record affecting subject property and involved parties. A copy of the report will be distributed to all parties of the transaction.
Financing and Processing
The Lender processes the loan to include review of the Buyer’s verification of funds to close, employment history, credit report, and appraisal of the property. The loan package is delivered to the Escrow Officer to prepare final statements, escrow instructions, and transfer documents for closing.