understanding escrow
Post on 08-Mar-2016
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Understanding Escrow
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Understanding Escrow
Buyer and Seller Agree to terms.
Buyer Pays Escrow Account.
Escrow instructions & grant deed are signed.
Offer is accepted and loan docsare sent to Escrow Officer.
Escrow releases Funds to seller.
Escrow Officer manages accountAnd request documents.
Detailed Loan amount isSecured & shared with seller.
EscrowA neutral third party who makes sure that all obligations of a contract are fulfilled before money or property changes hands.
The Seven Steps to a Successful Close
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