What are escrow instructions?

Escrow instructions refer to the written document given to an independent escrow company that outlines all the instructions related to closing a real estate transaction. The instructions are legally binding and should include clear and precise details about how to proceed with the transfer of the property. In California, the instructions include details about how to transfer the title, distribute funds, and provide other documents related to the sale. The escrow instructions also include instructions related to the inspections of the property, when the close of sale will occur and when the funds will be transferred. The escrow instructions are signed and agreed upon by both the buyer and seller of the property, and the escrow company is responsible for making sure all instructions are followed. The escrow instructions are an important component of the residential real estate transaction in California, as they provide a roadmap for the closing process. Without clear instructions, the sale of the property could be delayed or have other legal repercussions. It is important for both the buyer and seller of the property to fully understand the escrow instructions and comply with them in order to ensure a successful transfer of the property.

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