How we can buy a house in California ?
In the state of California, the buyer-seller financial relationship between buying and selling a home process is done through an intermediary company called Escrow Company.
Escrow agents play a very important role as disinterested third parties in real estate transactions and help minimize risk for all parties involved. Escrow agents follow specific escrow instructions to make sure there is a fair and orderly settling of the transaction.
The buyer deposits his money in the company screw and receives a receipt. The bank or Lender also deposits the buyer's loan in the screw account, and the seller receives his money from the screw after signing the document.
Escrow in the housing transaction oversees that all home debts are paid and the home buyer pays the insurance for the next year. Escrow companies' wages are usually split between the buyer and the seller.
