Escrow Services in Moreno Valley, California

Most Moreno Valley homes were built from the 1980s on, so buyers find a lot of single-family tracts, some with HOAs and some newer areas with special tax districts. FHA and VA financing is common. Those loans bring appraisal requirements that sometimes call for repairs, and the escrow instructions need to say who completes them before funding.

Because of March Air Reserve Base, properties in parts of the city can fall within the base's airport influence area, which must be disclosed. Some areas also have flood zone or hazard map items. The Natural Hazard Disclosure report covers these, and we make sure buyers receive it within the contract timeline.

Moreno Valley has a large rental market, and investors often buy homes with tenants in place. We collect leases, rent rolls and deposits, and prorate rents at closing as your agreement provides. Sellers trading a rental for another investment property can use a 1031 exchange.

Recording is handled by the Riverside County Assessor-County Clerk-Recorder. Homeowners who have fallen behind on payments can call us to talk about how a short sale works on the escrow side; the mortgage company decides whether to approve the sale and on what terms.

Moreno Valley is a short drive southwest of our Redlands office, and many of its buyers are purchasing a first home or moving up within the city. Newer neighborhoods on the east side can include Community Facilities District taxes, while the older Sunnymead area has homes from the city's earlier decades. If a buyer is using a VA loan, the appraisal must meet VA requirements, and the escrow instructions need to say who pays any fees the VA rules don't allow the buyer to pay. We keep those terms in writing and confirm the figures with the lender before signing.