ESCROW SERVICE
CornerStone Title serves as a neutral third party in a real estate transaction and provides for a fair and equitable transfer of real estate property from one party to another. As part of the escrow transaction we provide the following services:
  • Receiving and holding all monies, instructions and documents pertaining to the purchase.
  • Serving as a communication link and liaison between all parties.
  • Requesting a preliminary title search and report to determine the status of title to the property.
  • Requesting a beneficiary statement or payoff demand from existing lenders.
  • Holding inspection reports, deeds and insurance documents.
  • Complying with the lender's requirements in its instructions to escrow.
  • Preparing or obtaining the grant deed.
  • Prorating taxes, interest, insurance, rents and other costs related to the transaction.
  • Requesting the title insurance policy.
  • Closing the escrow according to the instructions of the buyer, seller and lender.
  • Disbursing funds as authorized by the instructions, including charges for real estate commissions, loan payoffs, title insurance, taxes, recording fees and other costs.
  • Preparing final statements of disposition of all funds.