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Responsibilities of Escrow Company

When the escrow is opened, an order for a preliminary report/commitment is placed with the title company. The report is an offer to issue a title insurance policy upon the terms and conditions contained within the report. The report will reflect the ownership of a parcel of land and recorded matters that are relative to the property. Then a plan is set for the necessary action and documents required, such as demands for satisfaction of liens and documents for recording instructions and requirements of the new lender. In most areas buyer’s and seller’s instructions are prepared for signature from the information gathered.

Specific Tasks During the Escrow Process

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