Frequently Asked Questions
What is escrow, and why is it important in California?
Escrow is a neutral and secure process where an independent third party—your escrow company—safely holds funds and documents until all the conditions of a real estate transaction are met. In California, escrow ensures fairness and protects both buyers and sellers. It provides peace of mind that financing and other requirements are properly completed before funds are released and the title is transferred.
Why do I need escrow?
Whether you’re a buyer, seller, lender, or borrower, escrow is essential for making sure every step of your transaction is handled correctly. At Wine Country Escrow, we safeguard funds and documents and only release them when all agreed-upon instructions have been fulfilled. This ensures that everyone involved is protected, and the process is carried out smoothly and securely—giving you confidence that your transaction is in trusted hands.
How is escrow opened?
Escrow is usually opened by the buyer’s or seller’s real estate agent once a purchase agreement is accepted. The buyer’s initial deposit is placed in a secure escrow account, and from there, our team begins the process by ordering a preliminary title report, reviewing documents, and preparing instructions based on the terms of the contract.
Who chooses the escrow company in California?
California law allows either the buyer or seller to propose an escrow company, but both parties must agree. In the Inland Empire, it’s common for the seller and their agent to make the initial choice, though this is always negotiable.
How long does escrow usually take?
Most escrows in California last between 30–60 days, though the exact timing depends on the purchase agreement, loan approval, inspections, appraisal, and recording schedules. At Wine Country Escrow, we work closely with all parties to keep the process moving and ensure your closing happens as smoothly and efficiently as possible.
What do I need to do during escrow?
Here’s how you can help your escrow move forward without delays:
Review all escrow instructions carefully.
Respond quickly to document requests and communication.
Always confirm wire instructions directly with your Escrow Officer by phone (this helps protect you from wire fraud).
Let us know right away if you have special timing needs or will be out of town during your escrow period.
What fees are involved in escrow, and when will I know them?
Escrow fees vary depending on the type and location of your transaction. Fees cover the cost of services, liability, and operations, and they may differ from one company or county to another. Other expenses, such as title insurance, lender fees, recording charges, or insurance, are separate from escrow fees.
What is a closing statement?
A closing statement is a detailed accounting document you’ll receive after close of escrow. It outlines the purchase price, deposits, payoffs, costs for services, and disbursed funds for each party. Your closing package will also include a copy of this statement, and it’s important to keep it for your tax records.
What is title insurance, and why do I need it?
Title insurance protects buyers, sellers and lenders by guaranteeing that ownership rights are clear and that the property has no undisclosed liens or claims. A policy is issued after a thorough review of public records and the proper recording of documents. This is a one-time fee paid at closing. It is standard policy for the Seller to pay the owner’s title policy and the buyer to pay the lender’s policy. In an all-cash transaction, there is no lender’s policy.
Is a “perfect” escrow possible?
Every escrow is unique and sometimes delays or unexpected issues arise. While perfection isn’t always possible, at Wine Country Escrow our team is highly experienced and committed to carrying out your instructions with accuracy, transparency, and professionalism. If concerns come up, your Escrow Officer and our management team are here to assist every step of the way.
