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​Top 12 Things To Do Upon Opening Escrow For Buyer And Seller

Westside Escrow Corporation | 2104 Wilshire Boulevard, Santa Monica, CA 90403, United States | (310) 264-1444

1.  PROVIDE ESCROW THE EXECUTED PURCHASE AGREEMENT/CONTRACT.
2.  BUYER TO WIRE THE EARNEST MONEY DEPOSIT.
3.  SIGN ESCROW INSTRUCTIONS PREPARED BY WESTSIDE ESCROW.
4.  REVIEW PRELIMINARY TITLE REPORT.
5.  REVIEW PROPERTY TAXES AND LIENS AGAINST SUBJECT PROPERTY.
6.  ORDER AND REVIEW PAYOFF DEMANDS, IF ANY.
7.  PROCESS DOCUMENTS FOR BUYER'S NEW LENDER, IF ANY.
8.  REVIEW FILE TO VERIFY ALL CONTINGENCIES, REQUIRED REPORTS/INVOICES, INSURANCE, HOA, IF ANY, ARE RECEIVED AND APPROVED.
9.  PREPARE ESTIMATED STATEMENTS AND CASH REQUIREMENTS SUBMITTED TO BUYER AND SELLER, AND REQUEST SIGNATURES ON ALL REMAINING DOCUMENTS AND INSTRUCTIONS.
10. RETURN LOAN DOCUMENTS TO BUYER'S NEW LENDER AND REQUEST FUNDS FOR FUNDING..
11. ESCROW CLOSES WHEN DOCUMENTS RECORD.
12. FORWARD FINAL CLOSING PACKAGES TO BUYER, SELLER, AGENT AND LENDER.