BUYER SELECTS A REALTOR
the life of an
SELLER SELECTS A REALTOR
escrow BUYER
SELLER
PRE-APPROVED BY LENDER
PREPARES HOUSE FOR
IF NEW LOAN NEEDED
SHOWING & SELLING BUYER SELECTS HOME AND
BUYER
SUBMITS CONTRACT WITH
SELLER
LOAN STATUS REPORT (LSR)
REVIEWS & ACCEPTS CONTRACT
VIEWS HOMES WITH REALTOR
INSPECTION REPORTS SENT TO APPLICABLE PARTIES & REVIEWED. NOTIFICATION SENT
FROM BUYER
VARIOUS INSPECTIONS ORDERED
ESCROW OPENED AT
First American & TITLE COMMITMENT ORDERED
BUYER
TITLE COMMITMENT RECEIVED
APPRAISAL
& APPROVED BY BUYER
ORDERED BY & COMPLETED FOR LENDER
CLOSING DOCUMENTS
LOAN DOCUMENTS PREPARED
BUYER
COMPILED BY
BY LENDER
RECEIVES FINAL LOAN
First American
& SENT TO ESCROW
APPROVAL FROM LENDER
SEPARATE APPOINTMENTS SET: BUYER & SELLER SIGN DOCUMENTS
BUYER DEPOSITS REQUIRED FUNDS
ADVISES
First American
OF HOME INSURANCE COMPANY
LOAN DOCUMENTS RETURNED TO LENDER FOR REVIEW
DOCUMENTS RECORDED
LENDER “FUNDS LOAN”
First American ENSURES ALL
AND ESCROW CLOSED
(SENDS FUNDS TO ESCROW)
CONTRACT CONDITIONS MET
AFTER RECORDING CONFIRMED,
First American DISBURSES FUNDS
FINAL DOCUMENTS BUYER
SENT TO
RECEIVES KEYS FROM REALTOR
INTERESTED PARTIES