San Luis Obispo County Escrow Services

Duties include:

• Receiving and holding all funds, instructions and documents to the purchase
• Complying with the lenders requirements in its instructions to escrow
• Requesting a preliminary title search and report to determine the status of title to the property
• Requesting a beneficiary statement or payoff demand from existing lenders
• Holding inspection reports, deeds and insurance documents
• Preparing or obtaining the grant deed
• Prorating taxes, interest, insurance, rents, and other costs related to the escrow
• Requesting the deed and other documents
• Notarizing documents
• Closing the escrow according to the instructions of the buyer, seller, and lender
• Disbursing funds as authorized by the instructions, including charges for real estate commission, loan payoffs, title insurance, taxes, recording fees and other costs
• Preparing final statements as to the disposition of all funds

Escrow Products

• At the close of escrow, the homebuyer will have many important documents that over time can be misplaced or damaged. The sturdy First American Folder keeps these documents organized.

Buyers Package

• For buyers for whom we provide title insurance, we provide a package that includes the Buyer's Estimated Closing Statement, Preliminary Title Report, all loan documents, (CC&Rs) Covenants, Conditions, Restrictions and Home Owner's Association Documents, (if applicable) and Inspection reports.

Seller Package

• For sellers in our transactions, we provide a package including the Sellers Estimated Final Closing Statement, Preliminary Title Report, and Payoff, demands.

Lender Package

• For lenders in our transactions, we provide a package that includes Escrow Instructions, Preliminary Title Report, all signed loan documents, certified copies of the Note and Deed of Trust, Proof of Fire Insurance, Buyer and Seller Estimated Closing Statements, and Master HUD-I Statements.
  

Closing Package

• For each party involved in our transactions, we provide packages including the Final Closing Statement, and the HUD-I Statement.