Conditional Delivery

A conditional delivery of transfer documents and funds, the second requirement for a valid escrow, means the seller will deliver a signed grant deed which conveys the title to the buyer, and/or the lender will deliver to escrow whatever funds are required for the sale. In addition, the escrow agent will hold the security for any loan (trust deed) conditionally until directed by the terms of the escrow. The escrow agent will keep documents and funds until all other terms of the escrow are completed, and then distribute them according to the expressed conditions of the escrow.

Sometime before the escrow closes, the seller will be asked to sign a grant deed conveying title to the buyer. Becuase the seller will sign over the ownership to the buyer before getting the money, the escrow holder is instructed to hold the signed deed until funds from the buyer are deposited into escrow and all other items of the escrow have met. With all of this completed Conditional delivery of the grant deed has been made.

Eddy Martinez

Best Rate Funding - Direct Lender - Wholesale Rates

Senior Loan Consultant

Direct Line: 1-888-702-2225 x. 115

E- Fax :1-310-943-6551

bestrate Funding

"A business that makes nothing but money is a poor business. "
- Henry Ford