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Keyword: ESCROW

The process map: contract to closing

Thirteen steps, in order, so you always know where you are and what’s still ahead.

Closing · 13 points

Who it’s for

For the buyer who just signed and wants to see the whole road ahead.

What’s on the list

  1. 1

    Contract signed by both sides. This is when the clock starts on every deadline — count from this day.

  2. 2

    Good-faith deposit to the escrow agent inside the contract deadline. Save the wire confirmation.

  3. 3

    Formal loan application. The lender has to give you the Loan Estimate within 3 business days, per the CFPB.

    CFPB — Loan Estimate

10 more points to go

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This checklist is general educational information for South Florida and is not legal, tax, insurance or financial advice. Official figures are printed with their source; always verify them for your own situation with your attorney, accountant and lender. Jordan Padierne, Realtor — eXp Realty.

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