The
San Luis Obispo County Escrow Department
is made up of skilled professionals who
are able to handle any type of real
estate transaction. They offer a level
of expertise and efficiency that is only
attained with years of experience, a
commitment to continuing education, and
the use of the latest technology.
Think First
American for...
 Business
Opportunities
Commercial/High
Liability
1031 Exchanges
Tracts
Multi-Family
Foreclosures
Mobile Homes
Residential
Loans
What happens during an Escrow...
Receiving and
holding all monies, instructions and
documents pertaining to the
purchase.
Serving as a
communication link and liaison
between all parties.
Order title
search and review preliminary report
to determine the status of title to
the property.
Requesting a
beneficiary statement or payoff
demand from existing lenders.
Holding
inspection reports, deeds and
insurance documents.
Complying with
the lender's requirements in its
instructions to escrow.
Preparing or
obtaining the grant deed and other
required documents.
Prorate taxes,
interest, insurance, rents and other
costs related to the transaction.
Requesting the
deed and other documents.
Order the
title insurance policy.
Closing the
escrow according to the instructions
of the buyer, seller and lender.
Disbursing
funds as authorized by the
instructions, including charges for
real estate commissions, loan
payoffs, title insurance, taxes,
recording fees and other costs.
Preparing
final statements of disposition of
all funds.
Forward final
documents to all interested parties,
buyer, seller, lender and real
estate agents.
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