Escrow News & Blog
Is closing the same time I sign my paperwork?
No. In Washington State, in most cases signing loan documents or other paperwork does not constitute "closed" and is not simultaneous as is the custom in non escrow States you find in the mid-West and East Coast. Closing is the completion of your transaction which...
I’m getting cash back at closing. When do I receive my proceeds?
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...
Loan Payoffs: Stopping or skip mortgage payment? Probably not a good idea.
Should I stop payment or skip a mortgage payment during escrow? The quick answer is no. A common scenario unfolds during a refinance or the sale of a home. Since an existing loan is going to be paid off should I make my current payment or skip it?The potential...