Funds to close
When escrow is preparing the signing package they will generate an “Estimated Settlement Statement” that details the funds to close due from you. Escrow tries to get you this information early enough that you can prepare a cashier’s check to bring to your signing appointment. If you prefer, you can wire your funds into the escrow account instead – but please be sure to verify wiring instructions directly with your escrow officer. As a rule of thumb, it is best to have all funds to close in escrow, or on the way to escrow, on the day you sign.
In the event that we cannot get the Estimated Settlement Statement to you before your signing appointment, the escrow officer or notary will give you this document at your signing and provide you with the exact amount due. It is best to be prepared to wire the funds or to pick up a cashier’s check that you can deliver to escrow shortly thereafter.