Purchase Agreement as Escrow Instructions (continued)

An escrow is opened when a real estate agent brings the signed purchase agreement to the escrow holder, who makes a copy and accepts it by signing off in the required box in the document. The escrow holder should be concerned with whether or not the contract is complete, fully signed and intialed before accepting it. It must be a valid contract before becoming instructions for the escrow.

In addition to the purchase agreement as escrow instructions, an escrow holder will submit acceptance or additional escrow instructions for buyer and seller signature. These instructions will include any other terms that need to be agreed upon by buyer and seller to complete the escrow.

Eddy Martinez

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