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Escrow FAQ Part 2 of 4

By
Title Insurance with Stewart Title of California

The instructions are ready...now what?

When the escrow instructions have been prepared, read them carefully

to determine that they are complete and properly reflect your total agreement. If you have any questions or

corrections, discuss them with the escrow holder before signing. Once the instructions have been signed, they

become the basis for the conduct of the escrow.

Can I get legal advice from the escrow officer?

An escrow officer is not a legal counselor and cannot give you

advice. Remember, the purpose of escrow is to take, and comply with, instructions to carry out the mutual

agreement of the principals. In the event of disagreement of the parties, the escrow officer must remain neutral

until agreement is reached.

The transaction should not be negotiated in the escrow office, nor should an escrow officer become involved in

the negotiation.

If I still have questions about the transaction, where can I go for answers?

If negotiations have been

conducted through a real estate agent, that person, or his/her broker, should be your primary consultant. The role

as an independent agent prohibits the escrow officer from answering many of your questions. However, a

knowledgeable escrow officer, whose responsibility is giving impartial service to all the parties, will refer you to

the proper source for your answers. An escrow officer will often suggest that the customer seek the advice of

legal counsel or a tax consultant.

Ken's Home Team LLC. | 360.609.0226 | Portland, OR & Vancouver, WA Real Estate Team
Ken's Home Team LLC. - Vancouver, WA
- SOLD IS OUR FAVORITE 4 LETTER WORD -

thanks for the post,

Feb 19, 2010 12:59 AM