Foreign Buyers Guide to Buying a Home in Arizona USA For US citizens and residents | Page 8

BUYER SElECTS A REAlToR ®

BUYER PRE-APPRoVED BY lEnDER iF nEw loAn nEEDED the life of an escrow

SELLER SElECTS A REAlToR ®
SELLER PREPARES HoUSE FoR SHowinG & SEllinG
BUYER ViEwS HomES wiTH REAlToR ®
BUYER SElECTS HomE AnD SUBmiTS ConTRACT wiTH loAn STATUS REPoRT( lSR)
SELLER REViEwS & ACCEPTS ConTRACT FRom BUYER inSPECTion REPoRTS SEnT To APPliCABlE PARTiES & REViEwED. noTiFiCATion SEnT
VARioUS inSPECTionS oRDERED
ESCRow oPEnED AT First American & TiTlE CommiTmEnT oRDERED
TiTlE CommiTmEnT RECEiVED & APPRoVED BY BUYER
APPRAiSAl oRDERED BY & ComPlETED FoR lEnDER
BUYER
ADViSES First American oF HomE inSURAnCE ComPAnY
CloSinG DoCUmEnTS ComPilED BY First American loAn DoCUmEnTS PREPARED BY lEnDER & SEnT To ESCRow
BUYER RECEiVES FinAl loAn APPRoVAl FRom lEnDER
SEPARATE APPoinTmEnTS SET: BUYER & SELLER SiGn DoCUmEnTS
BUYER DEPoSiTS REQUiRED FUnDS loAn DoCUmEnTS RETURnED To lEnDER FoR REViEw
DoCUmEnTS RECoRDED AnD ESCRow CloSED lEnDER“ FUnDS loAn”( SEnDS FUnDS To ESCRow)
First American EnSURES All ConTRACT ConDiTionS mET
AFTER RECoRDinG ConFiRmED, First American
DiSBURSES FUnDS
BUYER RECEiVES KEYS FRom REAlToR ®
FinAl DoCUmEnTS SEnT To inTERESTED PARTiES
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