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IMPORTANT CONTACTSMAGNUS TITLE AGENCYREALTOR Agent:Escrow Officer:Company:Phone #:Phone #:Fax #:Mobile #:Email:Fax #:Branch Location:Email:Escrow #:LENDERHOME INSURANCELoan Officer:Agent:Company:Company:Phone
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Title escrow is a financial arrangement where a third party holds documents and funds on behalf of the buyer and seller during a real estate transaction until all terms are met.
Typically, the buyer, seller, and sometimes the lender involved in the real estate transaction are required to fill out and file title escrow documents.
To fill out title escrow documents, one needs to provide information such as legal descriptions of the property, parties involved, purchase price, and closing date, ensuring all fields are accurately completed.
The purpose of title escrow is to protect all parties in a transaction by ensuring that the necessary documents and funds are securely held until all conditions of the sale are met.
Information that must be reported includes the names of the parties, property details, sale price, closing instructions, and any contingencies or agreements between the buyer and seller.
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