HOME BUYER CHECKLIST

Selecting your home: Search for Your Perfect Home

Buying your home: Become Pre-Approved Through Our Preferred Lender Construction of Your Home Design Your Home! Close Your Escrow Arrange for Your Utilities

and Beyond: Customer Care The Astorian®

ESCROW

ASTORIA HOMES recognizes that timing is vitally important in the planning of your move and locking your loan. We can specify an exact delivery date no earlier than thirty days from your closing date. Until then, many factors can influence the schedule. The goal is to see that you are comfortable with the process of your home through the final close of escrow. ASTORIA'S Escrow Coordinator will contact your lender and keep your Sales Representative up to date. If you have any questions, please call your Sales Representative.

• See also the Closing Process section of the Homeowner's Manual.

Schedule Walk and Title Appointments
An ASTORIA HOMES walkthrough coordinator will send out a letter 60 days before your anticipated close of escrow, you will then get a phone call no earlier then 30 days before your house is due to close to schedule a firm Walkthrough and Title Appointment. This person works with the escrow and construction department to see that everyone’s needs and expectations are met.

Contact Your Loan Officer
Although ASTORIA'S Escrow Coordinator will contact your lender to update them on the status of your home it is still important that you contact your lender as well, to provide them with any updated information and documentation they are requesting, i.e., final verifications, loan lock. Failure to do so could delay your closing, costing you daily late fees. In the event you have changed lenders, you must immediately notify your sales agent.

Another important factor is to make arrangements for homeowner’s insurance. This is a requirement of your lender and coverage must be effective as of the date that your closing documents are signed. Please have your insurance agent contact the mortgage lender and Title Company with your coverage information.

If you have chosen to pay cash for your home, contact the Title Company one or two days prior to your title appointment for your final figure.

Your Title Appointment
Upon receiving loan documents from your lender, the Title Company will be able to give you a dollar amount needed to close escrow. Please contact the Title Company one or two days before your title appointment for signing the closing documents. Keep in mind that a CASHIER’S CHECK or a WIRE TRANSFER from you and/or your financial institution made payable to the Title Company is required.

Closing Escrow
Once you have completed your New Home Demonstration (walk-thru) and signed your Title documentation, you are now ready to close escrow.

When the financial institution (lender) receives all necessary signed documentation from the Title Company, they will then be ready to fund the loan (this could take 24 – 72+ hours - this varies with each lender). When ASTORIA HOMES receives notification from the Title Company that recordation has taken place, your keys will be ready for you to pick up at the sales office. PLEASE NOTE: RECORDATION WILL NOT TAKE PLACE UNTIL THE NEXT BUSINESS DAY FOLLOWING YOUR NEW HOME DEMONTRATION (WALK-THRU).

For example, you signed your loan documentation on Monday, and performed your New Home Demonstration on Wednesday; you will be scheduled to record and pick up your keys on Thursday.