(970) 203-1101 (970) 203-1101 Loveland, Colorado, Loveland, how to choose a real estate agent, getting a real estate agent, picking a real estate agent, real estate professional, homeowner, home buyer, home sales, buying a house, buying a house in Loveland, buying a house in Loveland, buying a house in Colorado, real estate agent in Loveland, real estate agent in Loveland, real estate agent in Colorado, finding a real estate agent in Loveland, finding a real estate agent in Loveland, finding a real estate agent in Colorado, buying houses, buying homes, selling homes, selling houses, At Home Real Estate Company, things to look for when buying a home, how to buy a house, house hunting, home buying tip, home buying help, find a home to buy, home buying questions, home buying advice, home buying, home buying checklist, escrow, being in escrow, escrow agent, escrow fees, closing on a house, escrow companies
  • Tax statements
  • Fire and other insurance policies
  • Title insurance policies
  • Terms of sale and any seller-assisted financing
  • Requests for payment for various services to be paid out of escrow funds
  • Buying a home for the first time can be confusing. Let me help you. Call me at (970) 203-1101 and I'll give help you live in the home you want.

    The Home is Almost Yours

     At Home Real Estate Company can walk you through closing - (970) 203-1101
    First, a little about "escrow". An escrow company is hired to assure your home closes on time and the transaction goes smoothly. A property is said to be in escrow when in the closing transaction, payment is secured by a third party on behalf of two parties when the exchange of money takes place. For example, in an online auction, PayPal is the secure third party that holds the buyer's cash, and then hands over the funds to the seller.

    Tying up any loose ends like receiving funds, signing forms, securing the documents for loans and liens, and assuring you get a clear title to the property prior to your purchase gets finalized are all part of the job of the escrow agent.

    Escrow companies collect the following legal documents:

    You're ready to close when all parts are done in escrow process. All expenses like title insurance, inspections and real estate commissions are paid. You'll then receive the title to the house and the title insurance gets issued as outlined in the escrow instructions.

    The escrow holder receives a payment at the completion of closing. You'll know when it's time to submit the form of payment.

    The Escrow Holder Will:

    • Assemble escrow instructions
    • Perform a title search
    • Comply with the bank's standards as specified in the escrow agreement
    • Intake payments from the buyer
    • Prorate tax, interest, insurance and other fees according to instructions
    • Record deeds and other documents as instructed
    • Obtain title insurance policy
    • Close escrow when all instructions of seller and buyer have been met
    • Disburse payments and finish instructions

    The Escrow Holder Will Not:

    • Give advice - the escrow agent stays at an impartial, third-party status
    • Offer opinions about future tax estimations
    The Escrow Holder Will:
    The Escrow Holder Won't:
    • Write escrow instructions
    • Petition title search
    • Meet the bank's guidelines as specified in the escrow agreement
    • Receive payments from the buyer
    • Prorate interest, insurance, tax and other payments according to instructions
    • Record deeds and other legal documents as instructed
    • Request title insurance policy
    • Close escrow when all instructions of seller and buyer have been finished
    • Disburse monies and finalize instructions
    • Tell you what's best - the escrow company has to remain an impartial, third-party status
    • Give insight about future tax estimations

    Mortgage Escrow Account

    Often, to pay recurring costs while there's a loan on the house, a Mortgage Escrow Account is created. Generally, the Escrow Account is partially funded at closing and the home buyer makes on-going contributions through their monthly mortgage payment.

    Once you have the basics of the escrow process down, you can be a better buyer.

    Got a Question?

    Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.

    Your Information
    Your Question