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What exactly happens at escrow?

Originally aired: Sunday, February 9, 2014

Tom Kelly speaks with Michele Millsap, Escrow operations Manager at Fidelity National Title about escrow. The escrow process starts when buyer and seller agree on a contract to sell and open process to gather information such as payoff and start compiling documents. Escrow involves more than payoff and includes a lot of other items that affect the sale of the home like homeowner's associations and other liabilities that are included in the sale of a home. The title company also performs due diligence to help discover other possible hidden obligations affecting the sale of the home that protects the buyer. Discussion of some of the biggest mistakes people make when they get to closing. Tom answers questions from listeners.

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