Step 6 In Buying a Home In Phoenix is Opening Escrow
There are 13 steps to buying a house in the Phoenix Valley. The sixth step is to open escrow.
Opening escrow is simply the act of giving the escrow company an accepted Arizona real estate contract and earnest money.
There are three important things that happen during escrow in the Phoenix Valley which will all have their own blog. They are starting the loan process, having a home inspection, and negotiating repairs.
Once escrow is opened, the escrow company will do the title work on the property to protect you from any loans or liens that may be on the property. When you close escrow in Arizona you will have title insurance. This means that if the title company missed a lien on the property you will have insurance against that lien.
Date: Tuesday, December, 18th 2007 @ 07:34:23 PMViews: 449
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