WHAT ESCROW NEEDS FROM THE SELLER

• Legal description of subject property (bring in your Grant Deed or a copy of your title policy - it will be returned to you at the close of escrow).
• Name, address and loan number of each lender to whom you are making loan payments (bring in payment coupon showing balances, loan numbers, etc. on all loans against your property).
• The approximate unpaid balance of each loan and the "type" of loan - is it an FHA, VA, State of California, or Conventional loan?
• Copy of your existing fire insurance policy if the policy is to be transferred to the buyer at the close of escrow.
• The name of the Homeowner's Association, address, phone number, and the amount of the monthly dues. Copies of the By-Laws, Articles of Incorporation and Covenants, Conditions and Restrictions - CCR's must be delivered to the buyer prior to the close of escrow.
• Current Tax Statement and receipts, if available.
• Complete list of tenants, if any, including amounts of rents, date to which paid, the amounts of security deposits, and copies of all leases.
• Description of personal property included in the sale.
• Name, address and phone number of each real estate broker to be paid a commission.
• Name of the title company to issue policy and the type of title insurance to be furnished.
• Is there Water Stock for the property? If so, furnish escrow with the name, address of the Water Company together with the Stock Certificate for property Assignment and proration.

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WHAT ESCROW NEEDS FROM THE BUYER

• Your exact name, marital status and manner in which you wish to acquire title. (You might want to consult you attorney and/or CPA regarding this. There are many ways you may want to hold title such as, Joint Tenants, Community Property, Community Property with Right of Survivorship, Separate Property, etc.)
• Name and address of your proposed lender. Also, the name and phone number of your loan representative.
• Terms of your new loan - how much do you want to borrow - what is your interest rate?
• Your fire insurance agent's name, address and phone number and amount of insurance to be written.

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WHAT ESCROW NEEDS FROM THE REAL ESTATE AGENT

• Deliver to escrow a copy of the Residential Purchase Agreement and Joint Escrow Instructions, fully executed by all parties involved.
• Fully executed copies of all counter offers, if any
• Name, address and phone number of each real estate agent to be paid a commission.
• Is this escrow contingent upon the closing of another escrow
• Is this escrow to close concurrently with another escrow, but not necessarily contingent upon that escrow?
• Name and address of lender for Buyer's new loan.
• Name of title company to issue title insurance policy, along with the type of policy requested and amount of coverage.
• When do you want the escrow to close?
• What items are to be prorated thru escrow?
• Is there Water Stock for the property? If so, furnish escrow with the name, address of the Water Company together with the Stock Certificate for property Assignment and proration.
• Who is the Termite Company (Agent orders the termite report and completion)
• All terms of the sale of which escrow is to be concerned.

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