Sentences with phrase «escrow funds because»
Another change requires associations, if they don't escrow funds because of the cost, to adopt their state's «aggressive and cost - effective» procedures for enforcing arbitration awards.
http://realtormag.realtor.org/ Not exact matches
It's no longer necessary to hold funds in escrow, pending the performance of certain actions in the transaction, because release of funds is self - executing.
In Sztorc's view, the security model for drivechains is not much different than that of the main Bitcoin blockchain because the funds on the drivechain are held in escrow by bitcoin miners.
Once you sell your property, you will also need someone to hold your funds in escrow, because you are not able to take possession of the funds.
287 DOS 98 Matter of DOS v. Uqdah Realty & Management Corp. — deposits; jurisdiction; fraudulent practices; failure to pay judgment; vicarious liability; notary public; disclosure of agency relationship; broker violated 19 NYCRR 175.1 when he deposited escrow funds into his operating account; broker committed conversion when his operating account fell below deposit amount; broker engaged in fraudulent practices when he illegally retained buyer's trust funds and attempted to qualify prospective buyer for mortgage by falsely stating their employment; broker failed to disclose his agency relationship to his client; failure to pay judgment; corporate real estate broker vicariously liable and charged with actual knowledge of violation of law because of representative broker's cognizant misconduct as corporate officer; broker is not required to deposit a refundable commission in an escrow account unless contractually demanded; corporate broker and representative broker's license revoked; restitution of deposit of $ 12,000 plus interest; notary public commission revoked based on misconduct as a real estate licensee
On May 11, the Darwishes sent a letter to the escrow agent requesting that the escrow be closed and the funds distributed because Galdjie had failed to arrange financing within the required time period.