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How to fill out sample residential escrow instructions

01

Begin by gathering all necessary documentation, such as the purchase agreement, lender instructions, and any additional disclosures.

02

Familiarize yourself with the terms and conditions mentioned in the documents to ensure you understand your responsibilities as the escrow agent.

03

Start by filling out the header section of the escrow instructions, which typically includes the escrow officer's contact information, file number, and the name of the escrow holder.

04

Next, proceed to the property details section, where you will provide information about the property being sold, including the address, legal description, and parcel number.

05

Fill out the buyer and seller information sections, including their names, addresses, and contact numbers.

06

Specify the purchase price and the terms of payment in the appropriate section.

07

If there are any additional terms or conditions to be included in the escrow instructions, make sure to accurately document them.

08

Review the completed instructions thoroughly to ensure accuracy and consistency.

09

Obtain signatures from both the buyer and seller, and any other necessary parties involved in the transaction.

10

Provide copies of the completed instructions to all relevant parties, and retain a copy for your records.

Who needs sample residential escrow instructions?

01

Sample residential escrow instructions are typically needed by real estate professionals, including real estate agents, brokers, and escrow officers.

02

Buyers and sellers involved in residential real estate transactions may also need sample escrow instructions to understand the process and their rights and obligations.

03

Lenders and mortgage professionals may require sample escrow instructions to ensure compliance with lending regulations.

04

Attorneys specializing in real estate law may also find sample escrow instructions helpful for drafting their own customized instructions.

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