Seller Step 4 - Documents and Disclosures

Things are starting to happen! Escrow has been opened.  Please review this video to learn about the next step in the escrow process.  The entire Enriquez Group is proud to help you every step of the way! 

  • Escrow – The deposit of instruments and/or funds with instructions from a third party to carry out the provisions of an agreement or contract.

  • Disclosures – Legally binding documents in which the seller comes clean about any potential flaws and issues the buyer needs to know about.

  • Grant deed – A grant deed is a legal document used to transfer ownership of real property.

  • Notary – a notary is a state-appointed official who witnesses important document signings and verifies the identities of signers to help deter fraud.

  • Liens – a lien is the legal right of a creditor to sell the collateral property of a debtor who fails to meet the obligations of a loan contract.

  • Payoff Amount – A payoff amount is a statement prepared by a lender providing a payoff quote for prepayment on a mortgage or other type of loan.

  • HOA – A Homeowner’s Association makes and enforces rules for a subdivision, planned community, or condominium building; its members are residents.