Trust Escrow Checklist
These are the documents we’ll need to put your trust together:
- A complete copy of the grant or warranty deed showing exact title vesting, tax assessors number and legal description for the property.
- A complete copy of the note and deed of trust (or mortgage) securing the loan(s) of record.
- Current monthly payment coupon for the underlying trust deed(s) of record.
- Mortgage statement showing current balance, monthly amount due, escrow amounts and payment mailing address.
- Is the underlying note impounded for taxes and insurance? If ‘yes,’ then we need the last statement showing when the account was last analyzed. If ‘no,’ then the Trustee must impound monthly for taxes and insurance.
- Copy of the current tax bill and any past due bills.
- Declaration page of the fire insurance policy for the subject property (sometimes changed to a landlord’s policy), showing premium, due date & expiration date of policy. It is recommended that the resident beneficiary/tenant obtain a renter’s/tenant’s policy to cover their contents. Also include any additional hazard policy (earthquake, flood, etc.)
- Home Owners Association statement or payment coupon, if applicable, showing monthly amount due and mailing address.
- Mortgage Insurance statement, if applicable, showing monthly amount due and mailing address
- Proof of arrearages or back payments, if applicable, showing amount due and mailing address or wiring instructions.
