Close of Escrow is typically defined as the recording of the grant
deed or other evidence of transfer of title. When all the conditions of the
purchase agreement have been met; you have signed your loan documents and
escrow paperwork; and you have deposited the balance of your down payment and
closing costs to escrow, your lender will “fund” your loan. The deed will then be recorded at the County
Recorder’s Office, and you can take possession of your new property.
Your loan documents usually are delivered directly to
escrow. Once escrow has had an opportunity
to review them, you will be asked to come into escrow to sign your loan
documents as well as any outstanding escrow paperwork. If you want an opportunity to review your
loan documents prior to signing them, let escrow know in advance so they can
arrange to get you a copy as soon as they arrive. Escrow will provide you with the amount of
funds needed to close your escrow. You
will need to provide these funds by cashier’s check or money wire transfer
several days prior to the close of escrow. These procedures may vary slightly from area to area.
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