Then, close the sale at a title and
escrow company agreed upon by you and Fannie Mae.
Not exact matches
Smart contracts: Today, some larger transactions rely upon
escrow companies that release funds once all parties
agree that they have satisfied the contract.
Once the two parties
agree on a sale, a neutral third party — a bank, title
company or attorney — will receive the signed purchase agreement so that it act as the
escrow agent.
Once the terms of Seller Financing are defined in the Purchase & Sale (which is the document defining the
agreed - upon offer) and it is signed - around, that document is provided to the
Escrow company.
The Title
Company's agreement stated that the parties
agreed to use the
escrowed funds to satisfy or remove the Brokerage's lien prior closing.
I email my preferred
escrow company exactly what the terms are that the seller and I
agreed upon.
Is what you have the
escrow company include in all your docs along with the exact terms that were
agreed upon?
If the deposit is held by a third party, such as a title
company or
escrow company, all parties generally need to
agree on its disposition or at least
agree to cancel while arguing over the deposit.