Escrow Holdback Agreement Addendum
eforms.com
Escrow Holdback Agreement Addendum
An escrow holdback agreement addendum sets rules for money that is "held back" until the seller of a property fulfills their duties after closing. The agreement outlines tasks that must be completed before the seller collects the final payment. A title or escrow company typically acts as an intermediary and releases the funds to the seller.
Sep 30, 2018
How Escrow Works
I was showing a client a beautifully upgraded property with the works. New floors, modern kitchen, updated bathrooms, and even a pool that looked amazing. They fell in love with it. But when we got the inspection report the smiles turned to surprise. Even recently renovated homes can hide MAJOR issues like HVAC problems, foundation concerns, aging roof… and the list goes on. Lesson: Always dig deeper before you get into escrow. Look beyond the aesthetics to understand the real condition of the p
0:35
I was showing a client a beautifully upgraded property with the works. New floors, modern kitchen, updated bathrooms, and even a pool that looked amazing. They fell in love with it. But when we got the inspection report the smiles turned to surprise. Even recently renovated homes can hide MAJOR issues like HVAC problems, foundation concerns, aging roof… and the list goes on. Lesson: Always dig deeper before you get into escrow. Look beyond the aesthetics to understand the real condition of the p
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