1. Legacy Escrow will call you when your loan documents are received by your lender, then schedule a time for you to sign your paperwork.
2. Set aside about 1 hour to sign your closing documents. Escrow firms have banking hours for a reason. While we do make arrangements for those that cannot make time to come to our office during normal business hours, please be aware that hiring a mobile notary service to come to your home or work costs you an extra $100-175, depending upon your location, time of day, and urgency. Save yourself this fee and make time to come to our office. In many cases, the mobile notary service hired cannot answer any questions regarding transactions—they are not employees of Legacy Escrow Service, Inc. and did not work on your transaction.

Federal Regulations (Real Estate Settlement & Procedures Act –RESPA) provide that consumers have a minimum of 24 hrs. prior to closing** to review your settlement statement (HUD-1 form) that discloses all your closing costs or credits associated with your transaction.

**This cannot be accomplished unless your lender sends escrow the loan documents to our office allowing enough time for our staff to prepare your documents for your review.

Bring a valid picture ID with you (Drivers License, Passport…). If required to do so, please bring a cashier’s check written to Legacy Escrow Service, Inc. and any other requested items/documents from escrow

Once your transaction has been funded by your lender and the transaction is recorded at the county, your transaction is closed and we will disburse your proceeds via mail, wire transfer (your bank may charge you), or you can pick up your check at our office. When you sign your documents with escrow, you will indicate in writing which way you wish your funds sent to you.

Would you like your check via courier?

If you would like your check sent to you by courier, you will be charged approx. $20-40 depending upon the courier company and time of day the check is delivered.

Would you like your proceeds by wire?

Important: at Legacy Escrow, wire transfer cut-off time to SEND proceeds is 2:00 pm Pacific Standard Time, subject to federal wire regulations, procedures and holidays at the Fed. Reserve. I f you decide that you would rather the funds be wired instead of picked up at our office or mailed as you previously instructed escrow, PLEASE call ahead of time (no later than 2pm) to allow time to wire funds—subject to our work load. Calling at 3pm or later will not help you.

If you elected to have escrow mail your check, please allow two-three business days for the postal service to deliver your mail.

If your closing takes place on a Friday, particularly at month end, your check is placed in the mail after the close of business (5-6pm) which is well after post office final pickup. Under this scenario most mail is picked up on Saturday and you will receive your check the following week.

Will you pick up your check or get it in the mail?

ALL PARTIES MUST ENDORSE THE CHECK!!!! If your check is remitted with two names on it such as Bill Buyer and Betty Buyer, BOTH must endorse the check. If you do not do this, your check WILL BE REJECTED.

No.

In Washington State, closings are not simultaneous as is the custom in a few other States. Closing often takes place several days after signing your documents. Once your paperwork is signed, escrow sends your loan documents back to your lender (sometimes across the country) via overnight air by UPS. THIS IS DONE PRIOR TO THE CLOSING DATE for lender final review and funding.