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Ask the REALTOR: What is this packet I just received from the title/escrow company?

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Ask the REALTOR® is a regular video series in which I answer your most commonly-asked real estate questions, with a new Q&A posting every week. If YOU have a real estate question for me, drop me a note here.

This week’s question: What is this packet I just received from the title/escrow company? Here’s the answer in this brief video, and don’t miss the transcript below.

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Transcript:

Hi, this is Cari McGee with Keller Williams Realty. Welcome to this week’s episode of “Ask the Realtor.” Every week, I answer questions from buyers and sellers — and pretty much everyone in between — regarding real estate.

This week’s question is, “Cari, I just got this packet from…it looks like a title or an escrow company. What is that about?”

Well, when you have sold your home or are buying a new home and you’re in the escrow period, the escrow company will send you a packet of information which will include your title commitment and then also, it will request additional information from you. For example, if you are the seller and you have a mortgage on the property you’re selling, they will ask you for that pay-off information so that they can get that all squared away on the day of closing. If you’re a buyer, they’re going to ask things like what’s the best way to contact you and to make sure that they have all of that up-to-date and ready.

So don’t be alarmed when this big packet comes in the mail and it’s from an escrow company that doesn’t look familiar to you. It’s a legit thing and you just need to fill up that information, send it back in, or deliver it personally to the title company/escrow company and you will be good to go. I hope that answers your question.

Any questions you have for me regarding real estate, by all means, reach out via any one of the methods that follow on the next screen. Thanks so much. Bye.

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About The Author
Cari McGee

My husband and I came to the Tri-Cities in 1994, and we thought it would be a temporary stop on our way to larger cities. He was a television sports anchor at the time, and we planned to go wherever the "next step up" took us. Twenty-plus years later, we're still here and we've loved every minute of it! We have two children now, and we've found the Tri-Cities area is a wonderful place to raise a family. It's a great place to do outdoorsy things -- I like to hike Badger Mountain or run along the river path. I also love reading ... by a cozy fire in the winter or a beautiful picture window in the summer (with the A/C on!). I've been a licensed Realtor since 2004. I earned my managing broker's license in 2016, which means I can run my own brokerage, or create a team of real estate agents and supervise them. I became a director of the Tri-Cities Association of Realtors Board of Directors in 2016. I am on the Budget and Finance Committee there, as well. I love serving the citizens of this community, and my fellow Realtors, too. Want to talk about real estate? Click here to schedule a meeting with me!

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