Sentences with phrase «hands of an escrow»

Not exact matches

Merger agreement in hand (and the money in escrow), Cline spent the next five months on the road trying to win over CEA's investors, who were looking for a growth company that was well - positioned to go public, preferably with a strong management team and a few years of audited financials.

On one hand, the escrow account protects the buyer and seller by ensuring the proper collection and distribution of funds at closing.

In this sense, you don't risk losing your money, and more important, you don't hand ownership of your money over to a third party escrow service.

If on the other hand you can not afford the repairs first, be up front with people, and then price accordingly, with the caveat,» Price includes discount of $ xxxx for structural repairs to be made before close of escrow.»

If you are looking at a property there that hasn't changed hands in a while, be prepared to escrow funds for replacement of some major components.

Serious deferred maintenance issues mean your lender may require you to escrow a portion of your proceeds to cover repairs, reducing your cash in - hand after closing.

Execution of such a deal would require lots of wheels to work synchronously and you need to have good contacts and credibility with financial institutions where you would get equity and mortgages along with knowing the folks at escrow / title company first hand (by name).

It is this earnest money — a sum that demonstrates to the seller that the buyer is «earnest» or in good faith about wanting to buy the property — that goes into the hands and control of the escrow agent until the closing is completed and ownership of the real estate transfers from the seller to the buyer.

On the other hand, if the bank wants proof of the agent's escrow deposit, the insurance binder or the reason for one late payment on a student loan, that doesn't sound as dire, he says.