Below is a list of items you will need before your appointment to sign your closing documents.
CASHIERS CHECK
Get a cashier’s check or certified check issued by a Nevada financial instituion made payable to the title company in the amount indicated to you by your escrow officer.
IDENTIFICATION
There are several acceptable forms of identification which may be used during the escrow process. These include:
- Current driver’s license
- State issued ID
- Passport
- Green card
LENDER’S REQUIREMENTS
Make sure you have satisfied your lender’s requirements before going to your title company to sign your documents.
FIRE & HAZARD INSURANCE
When you are buying a single family, detached (and in some cases, a townhome), be sure to order your insurance before the loan has been approved. You must have the insurance in place before the lender sends the money to the escrow company.
AFTER COMPLETING THE SIGNING
After you have signed all the necessary instructions and documents, the escrow officer will return them to the lender for final review. Following the review, which usually occurs within a day or two, the lender is ready to fund the loan and advises the escrow officer, so that the necessary work can be completed to record the documents and “close” the escrow.
AN ESCROW CLOSING IS…
A legal transfer of title to the property from the seller to the buyer and is the culmination of the transaction. Once the Grant Deed and Deed of Trust are recorded, this completes the transaction and signifies the “close of escrow.” When the escrow office receives confirmation of funding, funds are disbursed.
Source: Ticor Title
