Here is an article that Paula Siegel, a wrote, published in the For Buyers section. It explains what happens from an escrow officer's point of view. Of course, the Buyers will be conducting inspections and working with their lender or mortgage broker to obtain financing, too. This article describes the escrow process
This entry was written by Paula Siegel, Escrow Officer with Fidelity National Title. She can be reached at psiegel@fnf.com.
Most disclosure packages in San Francisco are prepared and
presented to interested buyers so they can review these disclosures prior to
writing an offer. There is a lot of important
information in these packages, and although some of them look big and imposing
(especially for some condominiums), it is important to read all of the
documents. If you have any questions
while you are reading, note them and be sure to discuss any questions or
concerns with your agent.
"As first-time home-buyers, Jane was a real God-send to my wife and me. She held our hand throughout the process, from early open house visits through the signing of the papers. At each stage we always felt that we had someone who was looking out for us, ensuring that we were making the right decisions.
"Jane is great! Here's our story...We bought a Tenancy In Common (TIC) in 2007 with Jane as our agent. She has an encyclopedia-like understanding of all things real estate. Early on, we found a great one bedroom TIC at a good enough price. But we didn't buy it! She saved us from a future nightmare by being the only professional to notice an issue that would prevent this unit from every qualifying for a loan on its own following condo conversion. We pulled our offer at the last minute. Phew!