ESCROW OPENING CHECKLIST

Created by ChecklistGuro (https://checklistguro.com)


--- INITIAL SETUP & CLIENT INFORMATION ---
[ ] Escrow Officer (Escrow Officer 1, Escrow Officer 2, Escrow Officer 3)
[ ] Client Name (Buyer)
[ ] Client Name (Seller)
[ ] Client Contact Information (Buyer - Phone, Email, Address)
[ ] Client Contact Information (Seller - Phone, Email, Address)
[ ] Communication Preference (Buyer) (Email, Phone, Text)
[ ] Communication Preference (Seller) (Email, Phone, Text)
[ ] Date Client Instructions Received

--- PROPERTY INFORMATION & LEGAL DESCRIPTION ---
[ ] Property Address
[ ] Parcel Number(s)
[ ] Legal Description (Full)
[ ] Lot Size (Acres/Square Feet)
[ ] Property Survey (if available)
[ ] Property Type (Single Family Residence, Condominium, Townhouse, Land, Multi-Family, Commercial)
[ ] APN (Assessor's Parcel Number)

--- PARTIES & CONTACT INFORMATION ---
[ ] Buyer Full Name
[ ] Buyer Phone Number
[ ] Buyer Email Address
[ ] Seller Full Name
[ ] Seller Phone Number
[ ] Seller Email Address
[ ] Listing Agent Full Name
[ ] Listing Agent Phone Number
[ ] Listing Agent Email Address
[ ] Buyer's Agent Full Name
[ ] Buyer's Agent Phone Number
[ ] Buyer's Agent Email Address

--- PURCHASE AGREEMENT REVIEW ---
[ ] Review Purchase Agreement - General Comments & Summary
[ ] Effective Date of Purchase Agreement
[ ] Closing Date (as per Purchase Agreement)
[ ] Purchase Price (as per Purchase Agreement)
[ ] Contingency Types (Select all that apply) (Financing, Appraisal, Inspection, Sale of Buyer’s Property, Other (Specify))
[ ] Summary of Inspection Contingency Details (if applicable)
[ ] Summary of Appraisal Contingency Details (if applicable)
[ ] Earnest Money Deposit Amount Specified? (Yes, No)
[ ] Special Instructions/Riders/Addenda (Summarize)

--- FUNDING & LOAN INFORMATION ---
[ ] Loan Amount
[ ] Lender Name
[ ] Loan Officer Name
[ ] Loan Type (e.g., Conventional, FHA, VA) (Conventional, FHA, VA, USDA, Jumbo)
[ ] Estimated Closing Date (per Loan Commitment)
[ ] Interest Rate (per Loan Commitment)
[ ] Loan Commitment Details/Conditions (if applicable)
[ ] Loan Estimate (LE)
[ ] Funding Type (Wires, Check)

--- TITLE & INSURANCE ---
[ ] Title Company Selection (Company A, Company B, Company C, Other - Specify)
[ ] Title Company Order Instructions/Special Requests
[ ] Title Insurance Type (Standard, Extended, etc.) (Standard, Extended, Custom - Specify)
[ ] Estimated Title Insurance Premium (if known)
[ ] Date Title Search Ordered
[ ] Flood Certification Required? (Yes, No)
[ ] Copy of Preliminary Title Report (if available)
[ ] Endorsements Required? (Yes, No)

--- INITIAL DEPOSITS & FUNDS ---
[ ] Initial Deposit Amount
[ ] Source of Initial Deposit (e.g., Bank Name)
[ ] Deposit Account Number
[ ] Deposit Date
[ ] Confirmation Number (if applicable)
[ ] Earnest Money Deposit Amount
[ ] Method of Earnest Money Deposit (e.g., Wire Transfer, Check)
[ ] Copy of Deposit Confirmation (if available)

--- ESCROW FEES & DISCLOSURES ---
[ ] Escrow Fee Breakdown Explanation
[ ] Escrow Fee Amount
[ ] Earnest Money Deposit Amount
[ ] Payment Method for Initial Deposit (Check, Wire Transfer, Credit Card (with fee))
[ ] Copy of Initial Deposit Receipt (if applicable)
[ ] Disclosure of Potential Conflicts of Interest (if any) (No Conflicts, Conflicts Exist - Documented and Disclosed)
[ ] Summary of Key Disclosures Provided to Parties
[ ] Date Disclosures Provided to All Parties

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