California Escrow Association - Frequently Asked Questions

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FREQUENTLY ASKED QUESTIONS

What is escrow?

What types of transactions go through escrow?

Why do I need escrow?

Who handles the escrow transaction?

As a buyer entering into escrow, what must I do?

The instructions are ready--now what?

Can I get legal advice from the escrow officer?

If I still have questions about the transaction, where can I go for answers?

What happens at the closing?

What fees must I pay at closing?

As a seller entering into escrow, what must I do?

What is the fee for the escrow service?

The closing is complete--now what?

If the transaction isn't completed, is my deposit refundable and who pays the fees?

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