Escrow papers

[Albert Melo]

Can someone please tell me what are things I should look for in the escrow documents. I'm buying my first property with no agents involved and I just picked up a thick stacks of papers from the escrow office that I need to sign. Its a bit hard to understand, could someone please give me a general idea of what are some things that I should double check and be careful about. Thanks guys

[Jim Keller]

Originally posted by @Albert Melo:

Can someone please tell me what are things I should look for in the escrow documents.

I'm buying my first property with no agents involved and I just picked up a thick stacks of papers from the escrow office that I need
to sign. Its a bit hard to understand, could someone please give me a general idea of what are some things that I should double check and be careful about.

Thanks guys

Albert

I have many years of real estate behind me, over 600 closings. The majority of my personal investments have happened in last couple of yrs.  Please spend time tonight reading all of the instructions.  I'm in the process tonight of going through some escrow papers a quickly signed and it looks like I will loose money on a deal for the first time in years.  

There is a lot of boiler plate type verbage on these instructions but you should understand these pages, and no one will trick you.  Take your time, you have days and days to read and understand them.  Read through them put post it notes on the pages you don't understand and call you ESCROW OFFICER and ask for an explaination.  

Make this simple and do exactly what I just said to do and you will be a pro in no time.  I was an agent for years, you said you have no representation.  Lean on the service providers you pay for.  If your working with a lender ask for help even your tile officer,  ask stupid questions.  You will be rewarded for doing so.