Step 28: Escrow Signing Day

Depending on the dates in the purchase contract your singing will take place roughly 5-7 days prior to recordation (the day you get keys and the property becomes yours). Depending on if you are purchasing the property in cash, the lender you are getting your loan through, the type of loan you are doing, and the Escrow & Title Company assisting on the transaction dates may differ. The closing date is always a moving target and may change from the original target date. One of the easiest dates to work around is recording on a Friday. 

This allows you to move in over the weekend and it works well for scheduling. In the closing process there are 3 key events which are signing, funding, and recordation. Usually a day between each event is needed, placing the key dates as laid out below: 

• Monday – Signing
• Wednesday – Funding
• Friday – Recordation 

For your escrow signing we will meet at the escrow company’s office and sign documents from both your lender and escrow. Your loan officer, realtor, and your escrow officer or notary will attend to help go over the documentation. 

Some of the most important documents to sign will be: 

• Mortgage 
• Note 
• Deed 

Before signing, your loan officer or escrow officer will provide you with the final “cash to close” figure through the Closing Disclosure. You will need to bring a cashier check to escrow for this amount either that day or by the next business day to ensure that you can “fund” the transaction on time. Along with your cash to close, typically the only other item you will need is a government issued ID. 

If you have any questions about your signing it is best to consult your Loan Officer or Escrow Offer for details. 

Previous, Step 27: Final Walk Through

Next, Step 29: Signing, Funding, Recording

Steps to Buying a Home

HAWAII STARTS HERE | JOE CASTANEDA (R)

Joe is a realtor with Better Homes and Gardens Real Estate Advantage Realty. He majored in finance and has experience as a former mortgage loan originator. He has helped buyers both with new project loans and going through the process of applying and obtaining units in new projects. He uses his finance, mortgage, and real estate knowledge to help home buyers find the right properties to fit their needs. Contact Joe by phone or email at (808) 351-8394 or JoeC@BetterHawaii.com.