{"id":7400,"date":"2023-10-09T07:49:13","date_gmt":"2023-10-09T05:49:13","guid":{"rendered":"https:\/\/albermoya.com\/?p=7400"},"modified":"2023-10-09T17:55:17","modified_gmt":"2023-10-09T15:55:17","slug":"escrow-closure","status":"publish","type":"post","link":"https:\/\/albermoya.com\/en\/escrow-closure\/","title":{"rendered":"Success Story: Escrow Closing Status in Real Estate Transactions"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\"><p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<\/div><nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/albermoya.com\/en\/escrow-closure\/#El_Escenario\" >Stage<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/albermoya.com\/en\/escrow-closure\/#Debitos_y_Creditos_en_el_Estado_de_Cierre_de_Escrow\" >Debits and Credits in Escrow Closing Status<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/albermoya.com\/en\/escrow-closure\/#Ejemplos_de_Debitos_y_Creditos\" >Examples of Debits and Credits<\/a><\/li><\/ul><\/nav><\/div>\n<p>This case illustrates the key concepts involved in the escrow closing statement and clarifies some important points.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"El_Escenario\"><\/span><strong>Stage<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The escrow closing status in a typical purchase transaction establishes the debits and credits for both the buyer and the seller. The correct answer is that<strong> a credit to the seller could include the sale price of the property<\/strong>. Let&#039;s see why:<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Debitos_y_Creditos_en_el_Estado_de_Cierre_de_Escrow\"><\/span><strong>Debits and Credits in Escrow Closing Status<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><strong>Debits:<\/strong> Debits are what a party must pay to successfully complete the purchase transaction. This can include various costs, such as taxes, closing fees, and other expenses related to the purchase.<\/li>\n<li><strong>Credits:<\/strong> Credits are what a party will receive before the closing of the transaction. This may include income such as deposits, loans and other financial adjustments.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Ejemplos_de_Debitos_y_Creditos\"><\/span><strong>Examples of Debits and Credits<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>A) Credit for the Seller:<\/strong> The sales price of the property is typically a credit that the seller will receive before escrow closes. For example, if the buyer is purchasing a condominium for $1,000,000, the seller will receive this amount as a credit before escrow closes.<\/p>\n<p><strong>B) Credit for the Buyer:<\/strong> A new mortgage loan, whether from an institutional lender or through seller financing, is considered credit to the buyer. In this case, if ABC Mortgage Lending, Inc. lends the buyer $800,000, the buyer only needs to pay $200,000 to complete the purchase of the $1,000,000 condo.<\/p>\n<p><strong>C) Credit for the Seller:<\/strong> Prepaid property taxes are a credit to the seller. For example, if the seller has paid property taxes for the entire tax year, and the buyer moves out before the end of the tax year, the buyer must refund a portion of those prepaid taxes to the seller.<\/p>\n<p><strong>D) Debit for the Buyer:<\/strong> A discount point is an initial fee paid to the lender to lower the interest rate on a new loan. If the buyer pays one or more discount points to the lender, this is considered a debit to the buyer as it increases his or her closing costs.<\/p>\n<p><strong>Conclusion<\/strong><\/p>\n<p>This case provides concrete examples of what elements may constitute credits or debits for the parties involved in a real estate transaction. This knowledge is essential to providing professional and accurate service to clients during the escrow closing process.<\/p>","protected":false},"excerpt":{"rendered":"<p>Este caso ilustra los conceptos clave involucrados en la declaraci\u00f3n de cierre de escrow y aclara algunos puntos importantes. El Escenario El estado de cierre de escrow en una transacci\u00f3n de compra t\u00edpica establece los d\u00e9bitos y cr\u00e9ditos tanto para el comprador como para el vendedor. La respuesta correcta es que un cr\u00e9dito para el [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[95],"tags":[222,100],"class_list":["post-7400","post","type-post","status-publish","format-standard","hentry","category-general","tag-cierre","tag-escrow"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Caso de \u00e9xito: Estado de Cierre de Escrow en Transacciones Inmobiliarias<\/title>\n<meta name=\"description\" content=\"El estado de cierre de escrow en una transacci\u00f3n de compra t\u00edpica establece los d\u00e9bitos y cr\u00e9ditos tanto para el comprador como para el vendedor.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/albermoya.com\/en\/escrow-closure\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Caso de \u00e9xito: Estado de Cierre de Escrow en Transacciones Inmobiliarias\" \/>\n<meta property=\"og:description\" content=\"El estado de cierre de escrow en una transacci\u00f3n de compra t\u00edpica establece los d\u00e9bitos y cr\u00e9ditos tanto para el comprador como para el vendedor.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/albermoya.com\/en\/escrow-closure\/\" \/>\n<meta property=\"og:site_name\" content=\"Alberto Moya - Realtor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/albermoyavalley\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-09T05:49:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-09T15:55:17+00:00\" \/>\n<meta name=\"author\" content=\"Alberto Moya\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/albermoya.com\\\/cierre-escrow\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/albermoya.com\\\/cierre-escrow\\\/\"},\"author\":{\"name\":\"Alberto Moya\",\"@id\":\"https:\\\/\\\/albermoya.com\\\/#\\\/schema\\\/person\\\/399d50f60ad69fa6c7b8cd0e331fd678\"},\"headline\":\"Caso de \u00e9xito: Estado de Cierre de Escrow en Transacciones Inmobiliarias\",\"datePublished\":\"2023-10-09T05:49:13+00:00\",\"dateModified\":\"2023-10-09T15:55:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/albermoya.com\\\/cierre-escrow\\\/\"},\"wordCount\":445,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/albermoya.com\\\/#\\\/schema\\\/person\\\/9ff661a570c78114c2b0e236c968b579\"},\"keywords\":[\"cierre\",\"Escrow\"],\"articleSection\":[\"General\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/albermoya.com\\\/cierre-escrow\\\/\",\"url\":\"https:\\\/\\\/albermoya.com\\\/cierre-escrow\\\/\",\"name\":\"Caso de \u00e9xito: Estado de Cierre de Escrow en Transacciones Inmobiliarias\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/albermoya.com\\\/#website\"},\"datePublished\":\"2023-10-09T05:49:13+00:00\",\"dateModified\":\"2023-10-09T15:55:17+00:00\",\"description\":\"El estado de cierre de escrow en una transacci\u00f3n de compra t\u00edpica establece los d\u00e9bitos y cr\u00e9ditos tanto para el comprador como para el vendedor.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/albermoya.com\\\/cierre-escrow\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/albermoya.com\\\/cierre-escrow\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/albermoya.com\\\/cierre-escrow\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Portada\",\"item\":\"https:\\\/\\\/albermoya.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Caso de \u00e9xito: Estado de Cierre de Escrow en Transacciones Inmobiliarias\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/albermoya.com\\\/#website\",\"url\":\"https:\\\/\\\/albermoya.com\\\/\",\"name\":\"Alberto Moya - Asesor\",\"description\":\"Realtor en Los Angeles. Servicios para ayudarte a comprar y vender casa en Los \u00c1ngeles.\",\"publisher\":{\"@id\":\"https:\\\/\\\/albermoya.com\\\/#\\\/schema\\\/person\\\/9ff661a570c78114c2b0e236c968b579\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/albermoya.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/albermoya.com\\\/#\\\/schema\\\/person\\\/9ff661a570c78114c2b0e236c968b579\",\"name\":\"Alber\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/albermoya.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/logo_alber_moya-02.png\",\"url\":\"https:\\\/\\\/albermoya.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/logo_alber_moya-02.png\",\"contentUrl\":\"https:\\\/\\\/albermoya.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/logo_alber_moya-02.png\",\"width\":568,\"height\":254,\"caption\":\"Alber\"},\"logo\":{\"@id\":\"https:\\\/\\\/albermoya.com\\\/wp-content\\\/uploads\\\/2021\\\/06\\\/logo_alber_moya-02.png\"},\"sameAs\":[\"https:\\\/\\\/albermoya.com\\\/\",\"https:\\\/\\\/www.facebook.com\\\/albermoyavalley\\\/\",\"https:\\\/\\\/www.instagram.com\\\/albermoyarealtor\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/in\\\/albermoya\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UCmJjMB11OCAiJ3c8phJLgoQ\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/albermoya.com\\\/#\\\/schema\\\/person\\\/399d50f60ad69fa6c7b8cd0e331fd678\",\"name\":\"Alberto Moya\",\"url\":\"https:\\\/\\\/albermoya.com\\\/en\\\/author\\\/amoya\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Success Story: Escrow Closing Status in Real Estate Transactions","description":"The escrow closing status in a typical purchase transaction establishes the debits and credits for both the buyer and the seller.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/albermoya.com\/en\/escrow-closure\/","og_locale":"en_US","og_type":"article","og_title":"Caso de \u00e9xito: Estado de Cierre de Escrow en Transacciones Inmobiliarias","og_description":"El estado de cierre de escrow en una transacci\u00f3n de compra t\u00edpica establece los d\u00e9bitos y cr\u00e9ditos tanto para el comprador como para el vendedor.","og_url":"https:\/\/albermoya.com\/en\/escrow-closure\/","og_site_name":"Alberto Moya - Realtor","article_publisher":"https:\/\/www.facebook.com\/albermoyavalley\/","article_published_time":"2023-10-09T05:49:13+00:00","article_modified_time":"2023-10-09T15:55:17+00:00","author":"Alberto Moya","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/albermoya.com\/cierre-escrow\/#article","isPartOf":{"@id":"https:\/\/albermoya.com\/cierre-escrow\/"},"author":{"name":"Alberto Moya","@id":"https:\/\/albermoya.com\/#\/schema\/person\/399d50f60ad69fa6c7b8cd0e331fd678"},"headline":"Caso de \u00e9xito: Estado de Cierre de Escrow en Transacciones Inmobiliarias","datePublished":"2023-10-09T05:49:13+00:00","dateModified":"2023-10-09T15:55:17+00:00","mainEntityOfPage":{"@id":"https:\/\/albermoya.com\/cierre-escrow\/"},"wordCount":445,"commentCount":0,"publisher":{"@id":"https:\/\/albermoya.com\/#\/schema\/person\/9ff661a570c78114c2b0e236c968b579"},"keywords":["cierre","Escrow"],"articleSection":["General"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/albermoya.com\/cierre-escrow\/","url":"https:\/\/albermoya.com\/cierre-escrow\/","name":"Success Story: Escrow Closing Status in Real Estate Transactions","isPartOf":{"@id":"https:\/\/albermoya.com\/#website"},"datePublished":"2023-10-09T05:49:13+00:00","dateModified":"2023-10-09T15:55:17+00:00","description":"The escrow closing status in a typical purchase transaction establishes the debits and credits for both the buyer and the seller.","breadcrumb":{"@id":"https:\/\/albermoya.com\/cierre-escrow\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/albermoya.com\/cierre-escrow\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/albermoya.com\/cierre-escrow\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Portada","item":"https:\/\/albermoya.com\/"},{"@type":"ListItem","position":2,"name":"Caso de \u00e9xito: Estado de Cierre de Escrow en Transacciones Inmobiliarias"}]},{"@type":"WebSite","@id":"https:\/\/albermoya.com\/#website","url":"https:\/\/albermoya.com\/","name":"Alberto Moya - Advisor","description":"Realtor in Los Angeles. Services to help you buy and sell a home in Los Angeles.","publisher":{"@id":"https:\/\/albermoya.com\/#\/schema\/person\/9ff661a570c78114c2b0e236c968b579"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/albermoya.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/albermoya.com\/#\/schema\/person\/9ff661a570c78114c2b0e236c968b579","name":"Alber","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/albermoya.com\/wp-content\/uploads\/2021\/06\/logo_alber_moya-02.png","url":"https:\/\/albermoya.com\/wp-content\/uploads\/2021\/06\/logo_alber_moya-02.png","contentUrl":"https:\/\/albermoya.com\/wp-content\/uploads\/2021\/06\/logo_alber_moya-02.png","width":568,"height":254,"caption":"Alber"},"logo":{"@id":"https:\/\/albermoya.com\/wp-content\/uploads\/2021\/06\/logo_alber_moya-02.png"},"sameAs":["https:\/\/albermoya.com\/","https:\/\/www.facebook.com\/albermoyavalley\/","https:\/\/www.instagram.com\/albermoyarealtor\/","https:\/\/www.linkedin.com\/in\/albermoya","https:\/\/www.youtube.com\/channel\/UCmJjMB11OCAiJ3c8phJLgoQ"]},{"@type":"Person","@id":"https:\/\/albermoya.com\/#\/schema\/person\/399d50f60ad69fa6c7b8cd0e331fd678","name":"Alberto Moya","url":"https:\/\/albermoya.com\/en\/author\/amoya\/"}]}},"_links":{"self":[{"href":"https:\/\/albermoya.com\/en\/wp-json\/wp\/v2\/posts\/7400","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/albermoya.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/albermoya.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/albermoya.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/albermoya.com\/en\/wp-json\/wp\/v2\/comments?post=7400"}],"version-history":[{"count":1,"href":"https:\/\/albermoya.com\/en\/wp-json\/wp\/v2\/posts\/7400\/revisions"}],"predecessor-version":[{"id":7401,"href":"https:\/\/albermoya.com\/en\/wp-json\/wp\/v2\/posts\/7400\/revisions\/7401"}],"wp:attachment":[{"href":"https:\/\/albermoya.com\/en\/wp-json\/wp\/v2\/media?parent=7400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/albermoya.com\/en\/wp-json\/wp\/v2\/categories?post=7400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/albermoya.com\/en\/wp-json\/wp\/v2\/tags?post=7400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}