The FHA escrow hold-back program helps FHA borrowers finance repair costs as well as fix required repairs after closing. Secure home transactions with escrow services in Arizona.Simplify the process and ensure a smooth real estate experience. The title company will coordinate the signing of all closing documents, loan funds disbursement, escrow withholding and document recording with the county. An escrow holdback involves gathering extra funds during closing that will be returned once the required repairs are done on the acquired property. Closing escrow is the process of finalizing the purchase of a home in Green Valley AZ, ultimately transferring ownership from the seller to the buyer. Repair Timeline: A timeline is established for completing the repairs. This can vary but is often within 30 to 90 days after closing. The licensee shall provide a copy of the purchase contract to the escrow agent even if the escrow terms or instructions are contained in a separate document. In Arizona the escrow process starts when a purchase contract between the seller and the buyer is finalized.
