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RECORDING REQUESTED BY:315 Commercial St SE, Ste 150 Salem, OR 97301 AFTER RECORDING RETURN TO: Santiam Escrow, Inc. 216 E Virginia Street Stayton, OR 97383 SPACE ABOVE THIS LINE FOR RECORDER\'S USETRUST
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What is title company escrow?
Title company escrow is a financial arrangement in which a neutral third party, the escrow company, holds and manages funds and documents related to a real estate transaction until all contractual obligations are met.
Who is required to file title company escrow?
Typically, the buyer and seller involved in a real estate transaction are required to file title company escrow, often facilitated by their real estate agents or attorneys.
How to fill out title company escrow?
To fill out title company escrow, provide the necessary information such as purchase agreement details, parties' names, financial terms, and any contingencies. Guidance from the title company is often recommended.
What is the purpose of title company escrow?
The purpose of title company escrow is to ensure that all parties adhere to the terms of the agreement, protecting the interests of both the buyer and the seller by securely holding funds and documents until all conditions are fulfilled.
What information must be reported on title company escrow?
Information that must be reported on title company escrow includes the parties' names, transaction details, payment terms, any conditions or contingencies, and the closing date.
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