This form is a simple Notice of Satisfaction of Escrow Agreement. To be tendered by Escrow Agent to the parties to a transaction upon satisfaction of escrow agreement. Modify to fit your specific circumstances.
Escrow Seller Does For Buyer In Contra Costa
Category:
State:
Multi-State
County:
Contra Costa
Control #:
US-00191
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Yes, as long as the buyer does not default during escrow. The most common case buyers lose their deposit during escrow is getting cold feet at the last minute. The most common example is getting cold feet after removing all contingencies.
For example, in Southern California, it is common for the buyer to select the escrow company, whereas, in Northern California, the seller might make the choice.
As a general rule, Escrow Charges are split 50/50 between the buyer and seller. There are exceptions, notably in San Francisco buyers are expected to cover Escrow fees. These fees vary far more and it's worth checking your particular county guidelines.
Certainly real estate commissions are negotiable but an often overlooked point is escrow fees can also be negotiated with the escrow holder.
It is typically very hard for a seller to cancel escrow without any valid reason for doing so. A change of mind is not acceptable.
