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The escrow is a depository for all monies, instructions and documents necessary for the purchase of your home, including your

funds for down payment and your lender’s funds and documents for the new loan. Generally, the buyer deposits a down payment

with the escrow holder and the seller deposits the deed and any other necessary documents with the escrow holder. Prior to the

close of escrow the buyer deposits the balance of the funds required and agreed upon by the parties with the escrow holder. The

buyer instructs the escrow holder to deliver the monies to the seller when:

The subject property is free and clear of all title defects

The deed conveying title of property to buyer has been sent to the county for recording.

The escrow holder thus acts for both parties and protects the interests of each within the authority of the escrow instructions.

Escrow cannot be completed until the terms and conditions of the instructions have been satisfied and all parties have signed

escrow documents. The escrow holder takes instructions based on the terms of the purchase agreement and the lender’s

requirements

ESCROW PROCESS

How Does The

Work?

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© Ticor Title Company

THE ESCROW PROCESS