In an escrow state - what is the closing or settlement date? Is it when the bank funds the loan in escrow? Or when the escrow company disburses fund

Asked by smithandjones99, Los Angeles, CA Fri Feb 1, 2013

What date would you report on a HMDA LAR for action taken?

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9
Jesseybeth, Home Buyer, Dallas, TX
Thu Jun 11, 2015
For the complete list of escrow closing states, visit http://titlecompanies.net

Reference link: http://titlecompanies.net/
1 vote
There is NO list that shows "escrow closing" states on this website.
Flag Sun Oct 15, 2017
smithandjone…, , Los Angeles, CA
Sat Feb 2, 2013
"When escrow closed and settled you will receive a HUD1 Closing Statement which will have official closing date on it "

And should that be the same date the loan is funded and recorded?
0 votes
Alberto Pach…, , Porter Ranch, CA
Sat Feb 2, 2013
When title is recorded under your name
0 votes
Caroline Har…, Agent, Northridge, CA
Sat Feb 2, 2013
The Close of Escrow Date is the day Title Records the new Deed.

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0 votes
Sona Gallatin, Agent, Santa Clarita, CA
Sat Feb 2, 2013
The escrow timeline: closing date is when the loan is funded and recorded. Funded by lender, recorded by Title company. Loans are not funded in escrow and escrow is not the entity which records the deed. Escrow is the entity which finally disperses the funds to seller and agents.
After your loan has funded and recorded, escrow is officially closed, then you may take action as rightful owner.
You know about HMDA and LAR but not about escrow?
0 votes
Madelaine Ko…, Agent, Los Angeles, CA
Sat Feb 2, 2013
Closing date is what the buyer and seller agreed upon in the purchase agreement. There are contingency dates and those must be meet first before the loan funds, once the loan funds after the appaisal if there is a loan, then it records with the county the home is in and then the funds are dispersed. You can go to my website and click on BUYERS a drop down menu appears and you can click on "Life of an escrow"

http://www.madelainek.com
Kind regards,
Madelaine Kolisnyk- Realtor
310.869.1712
0 votes
Sona Gallatin, Agent, Santa Clarita, CA
Sat Feb 2, 2013
The escrow timeline: closing date is when the loan is funded and recorded. Funded by lender, recorded by Title company. Loans are not funded in escrow and escrow is not the entity which records the deed. Escrow is the entity which finally disperses the funds to seller and agents.
After your loan has funded and recorded, escrow is officially closed, then you may take action as rightful owner.
You know about HMDA and LAR but not about escrow?
0 votes
Lena Samigou…, Agent, Los Angeles, CA
Fri Feb 1, 2013
Closing date is the date the sale gets recorded. The recording takes place within 24 hours of the the funding. You become an official new owner after the sale is recorded.

Lena Samigoullina
Lenasrealtor@yahoo.com
Direct: 310.625.9005
0 votes
SERGEY FEDNOV…, Agent, Beverly Hills, CA
Fri Feb 1, 2013
When escrow closed and settled you will receive a HUD1 Closing Statement which will have official closing date on it - You can use this date.

Hope this info will help you!



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