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CHICAGO TITLE COMPANY, LLC EARNEST MONEY ESCROW AGREEMENT CT Escrows NO: ___This EARNEST MONEY ESCROW AGREEMENT (hereinafter \” Agreement\”) made and entered into as of the day of ___, 20___,
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How to fill out earnest money escrow agreement

01
Obtain a copy of the earnest money escrow agreement form.
02
Fill in the date and the names of the parties involved in the transaction.
03
Specify the amount of earnest money being deposited.
04
Provide details of the property being purchased, including the address and legal description.
05
Include any conditions or contingencies that need to be met before the sale can be finalized.
06
Sign and date the agreement, making sure all parties involved also sign.
07
Submit the completed agreement to the designated escrow agent or company.

Who needs earnest money escrow agreement?

01
People involved in real estate transactions such as home buyers, sellers, and real estate agents often need earnest money escrow agreements to ensure the security of their deposits during the buying process.

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An earnest money escrow agreement is a document that outlines the terms under which a buyer's earnest money deposit is held by a third party (escrow agent) during a real estate transaction, ensuring that the funds are appropriately handled and disbursed.
Typically, the buyer and sometimes the seller are required to acknowledge and file an earnest money escrow agreement as part of the real estate transaction process.
To fill out an earnest money escrow agreement, you should provide details such as the names of the parties involved, the amount of earnest money, the property address, the terms under which the earnest money will be released, and signatures from both parties.
The purpose of an earnest money escrow agreement is to protect the interests of both the buyer and seller by securely holding the earnest money until the transaction is finalized, ensuring that the deposit is only released according to agreed-upon terms.
Essential information on an earnest money escrow agreement includes party names, property details, the earnest money amount, escrow agent's information, terms for disbursement, and signatures of the parties involved.
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