An escrow firm acts as a neutral third party, working with buyers, lenders and homebuilders throughout your purchasing transaction. The company acts as an intermediary, performing the legal background checks, title searches and housing the escrow deposit that is supplied with your Purchase Agreement. The Escrow Company coordinates the transfer of documents and funds between parties to make sure all parties satisfy their obligation before “Close of Escrow.”
Escrow is opened after you select your home and enter into a Purchase Agreement. After your loan is approved, you’ll meet with your Escrow Officer to sign your loan documents and review closing statements and escrow instruction. When your home is completed and passes all inspections, your loan is funded and the escrow firm transfers the money and sees to the recording of the deed.
For more information about the escrow process, a complete glossary of terms and for a list of preferred title companies, please see below.
- 21 Reasons You Need Title Insurance [PDF]
- The Title Insurance Value Proposition [PDF]
- CA Buyer and Seller Guide to Title and Escrow [PDF]
- The Escrow Process
- Glossary of Terms
- Information About Your New Home Escrow [PDF]
SOUTHERN CALIFORNIA TITLE COMPANY
First American Title
74770 Highway 111, Suite 101
Indian Wells, Ca 92210
866-428-6308 – EFax
Email: [email protected]