What to expect from open to close
Escrow can feel complicated. We make it clear. Here's how a typical California escrow works with Atlantic Escrow.
Six steps to a safe, sure closing
Open escrow
Your agent or lender sends us the signed purchase agreement. We open the file, prepare escrow instructions for both parties and confirm all contact information.
Deposit earnest money
The buyer deposits the initial good-faith funds into our bonded, insured trust account — typically within three business days of acceptance.
Title search & disclosures
We order the preliminary title report, request existing loan payoffs and HOA documents, and track inspections, disclosures and contingency removals.
Loan approval & conditions
We coordinate with the lender on appraisal, insurance and loan conditions, and keep everyone informed of each deadline.
Review & sign
Your senior escrow officer walks you through the final settlement statement and coordinates signing — in our office, at your location, or with overseas notarization.
Fund, record & close
The lender funds the loan, the buyer's balance arrives, the deed records with the county and we disburse funds. Congratulations — you're closed.
What you'll need
Having these ready early helps your escrow move smoothly. Your escrow officer will confirm the exact list for your transaction.
Buyers typically provide
- Earnest money deposit
- Lender and loan officer contact
- Homeowner's insurance information
- Statement of Information for title
- Proof of funds for down payment and closing costs
- Government-issued photo ID for signing
Sellers typically provide
- Existing loan and lender information for payoffs
- HOA contact and management details
- Statement of Information for title
- Required disclosures through your agent
- Forwarding address and proceeds instructions
- Government-issued photo ID for signing
Frequently asked questions
What is escrow?
Escrow is a neutral holding arrangement. An impartial third party — the escrow holder — holds documents and funds and releases them only when every condition of the buyer and seller's agreement has been met.
Who chooses the escrow company?
In California the buyer and seller typically agree on the escrow company as part of the purchase contract. You have the right to choose a licensed, independent escrow company like Atlantic Escrow.
How long does escrow take?
Most residential escrows close in 30 to 45 days. Cash transactions can close faster, while commercial, development and 1031 transactions may take longer depending on their conditions.
How much does escrow cost?
Fees depend on the price and type of transaction, and who pays which costs is negotiable between buyer and seller. Request a quote and we'll send a clear, itemized estimate.
What is the difference between escrow and title insurance?
Escrow manages the funds, documents and instructions of the transaction. Title insurance protects the buyer and lender against defects in ownership. We coordinate closely with the title company you select.
Can I sign documents if I live overseas?
Yes. We regularly serve overseas clients and can coordinate signing and notarization abroad. Our team communicates in a number of languages, with emphasis on Asia and Latin America.
Do you handle 1031 exchanges?
Yes. We work alongside your qualified intermediary to keep exchange funds and timelines on track.
Are my funds safe while in escrow?
As a licensed independent escrow company, our trust accounts are bonded and insured up to $5 million through the Escrow Agents' Fidelity Corporation, and we are audited by the state every year.
Ready to open escrow?
Talk with a senior escrow officer today. We'll review your transaction, answer questions and send a clear, competitive quote.