FAQ's

Whom should we call if we have questions?

When do we sign the closing documents?

Can we sign after normal business hours?

When do we make the appointment to sign?

Should I tell someone if we're going to be out of town at all?

What can we do to make sure our transaction closes on time?

When does the Seller get the proceeds from the sale?

How much money do we bring to our Signing appointment?

Do I need to bring a cashier's check?

Is there anything we should bring to the Signing besides a cashier's check?

How long does the Signing appointment take?

Can we bring our children to the Signing appointment?

After we sell this house, we're going to use the proceeds to purchase another. Is there anything we can do to make the next purchase go smoothly?

Should we stop making payments on our current loan?

Does Advanced Escrow need copies of pest inspections?

Who handles the transfer of utilities?

What happens to any other leased equipment already in use on the property... Like water heaters, security systems, and others?

When and how do we get the keys to our new property?

Will Advanced Escrow notify me when the property closes?

Who pays the escrow fee?

Why is Title insurance required?

Who chooses the Title insurance company?

Who pays for Title insurance?

Does Advanced Escrow require a copy of the Appraisal?




Whom should we call if we have questions?

Your Realtor will answer questions about your Purchase & Sale Agreement. Your Loan Officer will answer all questions about your loan status, the conditions of your loan, and the loan process. Advanced Escrow will help or direct you with any other questions. We understand you will have questions and we are dedicated to helping you in any way we can.


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When do we sign the closing documents?

Closing documents are typically signed at least two days before the Closing Date. Remember, the Closing Date is different from the Signing appointment. The Closing Date is negotiated between the Buyer and Seller at the beginning of the transaction. However, several things could delay that date, including the Lender not approving the loan, not making the commitment, or not preparing the documents for escrow in time for us to perform our duties. Its best to stay in close contact with your Loan Officer throughout the loan process to ensure your file is proceeding according to schedule.


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Can we sign after normal business hours?

Yes, we try to make special arrangements to accommodate difficult schedules. However, we strongly encourage you to make arrangements to sign at our office during regular business hours. Questions or changes often arise during signing that require immediate access to our network. Signing in our office affords us the flexibility to effect any changes necessary to make sure Closing happens on time.


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When do we make the appointment to sign?

We will contact Buyers and Sellers shortly after the Lender has delivered the loan documents needed to close. This is usually several days before closing.


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Should I tell someone if we're going to be out of town at all?

YES! Please notify Advanced Escrow of any travel plans. Closing can still take place on time even if you travel frequently. This may require the preparation of a Power of Attorney for your transaction.


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What can we do to make sure our transaction closes on time?

You can help enormously by promptly responding to requests for information. Also, it is critical that Buyers keep in close contact with their Loan Officer to make sure your loan is being processed in a timely manner.


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When does the Seller get the proceeds from the sale?

After Closing documents have been signed by both Buyers and Sellers, Advanced Escrow returns the loan documents to the Lender for review and recording, then forwarded to the Title company. The Lender then wires the loan proceeds to Advanced Escrow . As soon as the Title company records the documents at the County courthouse, Advanced Escrow disburses all funds. Recording occurs on the day of Closing, usually two or three days after Signing. Proceeds are usually available the afternoon of recording or the next day. You can pick up your check in person, we can mail it to you, or we can make the deposit into your bank via bank wire.


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How much money do we bring to our Signing appointment?

When Advanced Escrow receives the loan package from the Lender, it is accompanied by instructions for us to prepare figures. We will then know precisely how much money is needed. Once the Signing appointments are set and the Closing Date confirmed, we will compute the exact amount. We will call you ahead of Signing with the amount so you have time to get a cashier's check.


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Do I need to bring a cashier's check?

Yes. We cannot accept personal checks. Or, if you prefer, you may transfer the funds electronically via bank wire between your bank and our trust account. Let us know if you would prefer electronic transfer so we can make sure you have the proper details.


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Is there anything we should bring to the Signing besides a cashier's check?

Since we will be notarizing your documents, you will need to provide valid picture identification. Your driver's license is best.


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How long does the Signing appointment take?

Usually 30-minutes-to-an-hour for Buyers, and 15-30 minutes for Sellers, depending on the complexity of the transaction.


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Can we bring our children to the Signing appointment?

Yes. However, as you might imagine, it is exceedingly difficult for kids to sit through a signing, especially if it runs long. But if you think they can do it, they're certainly welcome.


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After we sell this house, we're going to use the proceeds to purchase another. Is there anything we can do to make the next purchase go smoothly?

The smoothest possible scenario is to have Advanced Escrow perform the closing for both transactions. Should this be the case, we can immediately credit your sale proceeds toward your new purchase.


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Should we stop making payments on our current loan?

No. Sellers should continue making regular payments on the existing loan. As part of the escrow process, Advanced Escrow will order written pay-off statements to ensure the proper amount of principal and interest are paid at closing.


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Does Advanced Escrow need copies of pest inspections?

Yes, if a pest inspection is required by the Lender. In that case, we will need both preliminary and final inspection reports. Both Buyers and Sellers will sign the reports at closing, then we will forward the signed copies to the Lender. Note: Advanced Escrow can pay the inspection company out of your proceeds if you wish.


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Who handles the transfer of utilities?

The Sellers are responsible for making sure we have the account numbers from all lien-able utilities, such as water, sewer, etc. The Buyers are responsible for calling and opening their own utility accounts.


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What happens to any other leased equipment already in use on the property... Like water heaters, security systems, and others?

The parties will state how this is to be handled in the Purchase & Sale Agreement. Leased equipment is normally paid off at closing, and will be charged to either Buyers or Sellers, depending on their agreement.


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When and how do we get the keys to our new property?

Buyers should coordinate the delivery of keys with your Realtor. Keys are usually available on the Closing Date as instructed in the Purchase & Sale Agreement.


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Will Advanced Escrow notify me when the property closes?

Yes, we call the Buyers, Sellers, and their Agents as soon as we receive proceeds from the Lender and the Title company notifies us of recording.


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Who pays the escrow fee?

The escrow fee is paid in equal parts between the Buyer and Seller, with the exception of a VA transaction (on which the Seller pays the entire fee). The fee is paid at closing.


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Why is Title insurance required?

Title insurance insures that the Sellers hold clear title to the property being sold. Lenders insist that Buyers carry Title insurance as protection from unforeseen claims against the Lender's security interest.


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Who chooses the Title insurance company?

Technically, you do. However, in reality this decision is often influenced by the Realtor and/or Advanced Escrow . We will be happy to consult with you and determine which Title company best meets the needs of your transaction. The sooner Advanced Escrow gets the Title report, the sooner we can make sure there are no problems that will cancel or cause a delay of your transaction. Please make sure to set up your transaction (with your Realtor's guidance) with Advanced Escrow immediately after obtaining a signed Purchase & Sale Agreement.


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Who pays for Title insurance?

Payment of title insurance fees are negotiated by the Buyers and Sellers when the Purchase & Sale Agreement is drawn up. Usually, the Seller pays for the Owner's policy, the Buyer pays for the Lender policy.


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Does Advanced Escrow require a copy of the Appraisal?

No. The Lender usually orders the appraisal. Buyers can request a copy from the Loan Officer.