Sentences with phrase «party escrow agent»

It essentially acts as a third - party escrow agent that links buyers and sellers, holding both Bitcoin and fiat currencies, while buyer and seller complete the necessary steps for a successful exchange.

As a third - party escrow agent, BitQuick imposes no limits on buying and selling bitcoin.

BitQuick essentially serves as a third - party escrow agent that links buyers and sellers.

You'll typically want a third party escrow agent such as the title company to hold your earnest money, and you'll never want to directly give the seller your money.

You'll typically use a third - party escrow agent such as the title company, to hold your earnest money deposit in an escrow account.

Giving the money to a third party escrow agent protects the buyer from questionable sellers.

As a third - party escrow agent, BitQuick imposes no limits on buying and selling bitcoin.

BitQuick essentially serves as a third - party escrow agent that links buyers and sellers.

Third Party Escrow Agents: Does your client or the other party wish for a non-real estate licensee to act as escrow agent or for the seller to receive the funds?

Not exact matches

When a buyer and seller initially arrive at a purchase agreement, they select a neutral third party to act as the escrow agent.

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.

Escrow agents are also responsible for distributing money to parties other than the buyer and seller.

The third party is known as the «escrow agent», and is a common fixture in some mortgage agreements and property transfers.

The amount deposited with a neutral third - party, called an escrow agent, who holds the borrower's escrow payments to disburse and distribute monies to proper parties involved in a real estate transaction.

Closing agent: A third - party agent of your choosing (an attorney, escrow agent, representative of the title company, or a professional closing agent), who handles all aspects of the actual transaction.

In 2016, more than 100 individualized responses were provided to lawyers requesting information on topics such as: lawyer mobility (across Canada and outside Canada); how coverage applies where lawyers enter into indemnity agreements with third parties; coverage for firm general counsel; and whether coverage is available for document review work or other non-traditional services, such as those provided by individuals working as workplace investigators, mediators, arbitrators, trustees / executors, or escrow agents.

Using a «trusteed» cross-purchase strategy enables the company principals to employ a third - party organization or person to act as trustee or escrow agent to satisfy the mutual responsibilities to each other that are developed in the cross-purchase agreement.

Using a «trusteed» cross-purchase plan allows for the company principals to hire a third - party entity to act as trustee or escrow agent to fulfill the mutual obligations to each other that are created in the cross-purchase agreement.

On the bright side, according to Lightning developer Joseph Poon, it is theoretically possible to have a third party act as an escrow agent for a Lightning channel.

Most multi-signature setups usually involve three parties — the sender of the payment, the recipient, and an escrow agent.

On Counterparty, the roles of escrow agent and clearing house are filled by the Counterparty protocol itself, eliminating unnecessary costs, time, and third - party trust.

Others utilize exchanges, which is essentially an escrow agent or a trusted third party.

With the removal of an escrow agent, none of the involved parties, or a counterparty, can control or moderate the asset during or after the contract's terms have come to pass.

«While traditional real estate is very paper based and involves a lot of third - party players, including brokers, escrow agents and banks, the blockchain allows people to transfer funds, property titles and data in a more peer - to - peer manner that is digital and open source,»

Assisted senior escrow officer to liaise with various clients, agents, buyers and sellers to complete closing process with different parties by strictly adhering to clear conditions

Responded to emails in a group Inbox from loan officers, closers, escrow agents, branch and regional managers to assist with getting pertinent information to the appropriate parties involved in the transfer of loans.

Review and draft documentation relevant to hospital mergers and acquisitions, joint ventures and other transactions; research legal and regulatory issues affecting transactions; work with transaction parties and escrow agents to prepare closings for real estate and corporate venture transactions

If the transaction is cancelled by either party, the agent holding the escrow monies shouldn't disburse any funds until all parties agree in writing how to disburse them.

The escrow agent is a trustee of both parties and is equally responsible to both parties for the proper administration of the escrow.

Looking at the relevant law, the court found that a writing delivered to the escrow agent by the party's attorney is sufficient to authorize the release of the escrowed funds.

Furthermore, attorneys, escrow agents, and other parties to a transaction would also be guilty of conspiracy to commit fraud.

We work closely with property owners, buyers, lenders, mortgage companies, real estate agents, builders and developers to streamline the closing process, offering title searches, title insurance closings, document preparation and escrow services to all parties involved in real estate transactions.

When a real estate licensee acts as the escrow agent, the licensee has a fiduciary duty toward each party under the license law.

128 DOS 93 Matter of DOS v. Vuksanaj - motion to conform pleadings to proof granted where (i) additional evidence wouldn't have been presented if the charge had been stated in the complaint and (ii) issue was actually litigated and was within the «broad framework of the pleadings»; broker's authorization to execute lease on behalf of landlord must be in writing to be valid (G.O.L. § 5 - 703); no commission earned on void lease (due to lack of written authority for broker to sign for landlord); broker is undisclosed «double agent» - thus «fails to make clear» for which party he is acting (NYCRR 175.7); broker is not «managing agent» under NYC Rent Stabilization Code unless (i) broker has ownership or financial interest in property or (ii) performs managerial duties; separate escrow account (§ 175.1) not required when broker is not holding escrowed funds; holding funds overnight does not trigger requirement for escrow account (returned next day upon demand); unlicensed name used in commission agreement but lack of intent to mislead considered in mitigation; restitution of unearned commission

When a lawsuit over escrow funds does occur, the escrow agent has a duty to notify all parties.

Acting as an Impartial Escrow Agent: For any given real estate transaction, different parties can act as escrow agent — the broker for the seller's agent, the broker for the buyer's agent, a non-realtor third party or as otherwise specified in the conEscrow Agent: For any given real estate transaction, different parties can act as escrow agent — the broker for the seller's agent, the broker for the buyer's agent, a non-realtor third party or as otherwise specified in the conescrow agent — the broker for the seller's agent, the broker for the buyer's agent, a non-realtor third party or as otherwise specified in the contract.

That's why it's important to use a trusted third party — a big - name escrow provider or a service provider recommended by your real estate agent.

The escrow instructions in the purchase agreement stated that if the conditions for release of the escrow funds were not complied with, the escrow agent was to wait until such conditions were complied with unless one of the parties made a written demand for cancellation of the escrow and the distribution of the escrowed funds.

After the signing has been completed, the escrow / settlement agent will forward payment to any prior lender, and pay all parties who performed services in connection with your closing (if they have not been paid).

Often, the criminals will send an email from a spoofed account that appears to be from someone within the business, such as the CEO or a trusted party, like an attorney or escrow agent.

«As long as the Escrowee buyer - seller is not an agent of one of the parties, and as long as there is no other misrepresentation, the use of the «double escrow» is a legitimate transaction.»

The Qualified Intermediary must be an independent entity who is not the Investor, an agent of the Investor, or a related party to the Investor and who enters into a written Like - Kind Exchange Agreement, Qualified Escrow Account Agreement and the Assignment, Acceptance, Notice and Direction to Convey documents.

In other areas, it is standard practice to use an escrow agent, the title company, or another third party.

[232] In particular, a trade association representing escrow agents supported alternative 1, because it believed alternative 2 could impose new creditor duties on settlement agents, which would be in conflict with the settlement agent's traditional role as a neutral third party.

One escrow agent commenter explained that it is not uncommon for lenders and settlement agents to revise the RESPA settlement statement frequently because of differences in software used by those parties and miscommunications between them.