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12 Cards in this Set

  • Front
  • Back

Escrow

Financial code

Instructions executed by

- Buyer


- Seller


- 3rd parties


 

Purpose

Terms are met

Closing statement


 


Buyer Debit

Purchase price

Closing Statement


 


Credit seller

Pro-rated prepaid taxes

Proratiosn

NOT unsecured loan

Impounds

Recurring costs

Two Termite Reports

Get mutual instructions from buyer and seller

Escrow can

Call for funding of loan

Report to IRS

Escrow

Move in early

With seller's written permission

Release disputed funds

Instructions from all parties or court order