$185,000 - Draper (84020)
This Rambler/Ranch Condo/Townhome home built in 2005 and has 2 bedroom(s), 2 bath(s), on .01 acres and 1,147 sq. ft.
BROUGHT TO YOU BY
LOAN RATES
Scot Verrone
LOAN OFFICER
LOAN OFFICER
| HELOAN | 8.250% APR |
| HELOC | 8.250% APR |
| 3/1 ARM | 5.250% APR |
| 5/1 ARM | 5.750% APR |
| 7/1 ARM | 6.000% APR |
| FHA/VA | 5.750% APR |
| 15 Year Fixed | 5.875% APR |
| 30 Year Fixed | 6.000% APR |
Updated 05.10.2008
FEATURED UTAH HOME
THE CLOSING/ESCROW PROCESS
A step-by-step guide has been created to assist you with the closing process. This will take you from the beginning stages of deciding on a home, to the final stages of completing the sale.
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| When the buyer and seller sign the Real Estate Purchase Contract, The REPC is completed. (Under Contract) | Payoffs are updated and assessment for water and sewer, etc. are obtained. | Package is sent back to the lender for approval. | ||
| The agent orders a commitment for title insurance with the title company. | Loan documents are received by the the title company from the lender. | Request funds from the lender and approval to record. | ||
| The REPC is delivered to an escrow officer (title company) | Closing notification comes from the lender. | When all funds are received the title company records the documents with the county recorder. | ||
| A title report is prepared by examining documents of public record. | Escrow officer prepares buyer's and seller's pertinent documents per the lenders closing instructions.(such as the settlement statement) | Disburse Funds to all parties. | ||
| A commitment for title insurance is delivered to the lender, and the seller's and buyer's agents. | The signing of the documents (settlement) takes place. Copies of all documents are given to the appropriate parties. | Close File - Record Documents - Issue Title Policies |
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| Payoffs are ordered and all exceptions reviewed. | File gets reviewed to determine that all conditions have been met and that the documents are properly executed, notarized, and good funds received. |  |
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