Helpful Hints To Smooth Out Your Escrow
- Any inquiries to the escrow holder must be made by you, the principal to the
transaction, or your realtor. Your attorney, accountant, ex-spouse or relatives
are NOT entitled to information without definite written instructions from
you authorizing the escrow holder to do so.
- If you are a widow or widower, will the property need to be probate? If the
property is not subject to probate, an Affidavit Death of Joint Tenant
will have to be drawn and file with a Certified Copy of the death
certificate of the spouse. If you don't have a copy of the death certificate,
don't delay, get one as soon as possible.
- If you are married, your spouse will need to either execute a Quitclaim
Deed relinquishing their interest in the property or join in executing
the Grant Deed.
- If you are under a trust agreement, a Trust Certification, executed
by the trustees, is always required by title. In the event there has been a change
in trust, a complete copy of your trust agreement and any amendments to the trust
are also required. In the event of the trustee, a copy of the death certificate
is also required.
- The more information regarding how you presently hold title, or how you wish
to hold title, or any changes you want to make should be given to escrow or your
real estate agent as soon as possible.
- Warning - If the property is in a brush area,
a California Fair Plan insurance policy will need to be obtained.
This can take up to six weeks to obtain in some cases. Let your escrow
officer know as soon as possible to avoid any delays.
- If you wish to have your proceeds wired at the close of escrow, you will need
to deposit into escrow written instructions that contain the following:
- Name on account
- Account number
- Bank name and location
- The ABA routing number
For your protection, escrow cannot accept verbal or facsimile instructions.
All About Escrow
of an Escrow