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Escrow Settlement Services

To convey a property from a seller to a buyer, or encumber a property with a new mortgage, First American provides escrow and settlement services as a neutral third party to the transaction. First American acts upon the instructions of the principals and may be requested to coordinate key tasks such as:

•Deposit and disburse funds

•Process and coordinate the flow of documents and funds

•Keep all parties informed of progress to the escrow

•Respond to the lender’s requirements

•Coordinate the signing of loan/closing documents

•Prorate and adjust insurance, taxes, rents, etc.

•Record the deed and loan documents

•Prepares a final statement outlining funds received and to be disbursed in the transaction

 

Find out more by visiting First American's Ownership Information Center for videos and downloadable material to help you prepare for buying a home.


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