The In’s and Out’s of Escrow

So your offer was accepted and you’re on your way to owning that fabulous home – Congratulations! After delivering your down payment to the mortgage lender, and obtaining an escrow company, you’ll enter the actual buying process, often referred to as escrow. This period of time is when all required paperwork is started and steps such as inspection and appraisal take place. Working as your advocate during this period, your real estate agent is charged with the responsibility of ensuring that all aspects are handled before the date of closing. Here are some important aspects of escrow that you should be aware of: