The escrow agent must establish a trust account or accounts in a recognized Washington state depository. Washington state's escrow process is similar to other states where an escrow agent is used to complete the transaction.Answers to frequently asked questions related to Title Insurance, Escrow, Closing the Escrow, CFPB, and local utilities information. Define the specific amount of money held in escrow until the seller successfully fulfills the outlined conditions. To fill out this agreement, first provide the date and the names of the Seller and Buyer. The amount should be an amount that will: Discourage the buyer from defaulting or not completing performance on the contract. Anyone seeking advice or assistance to fill out such forms should contact a legal clinic or lawyer. The buyer can instruct the settlement agent to disburse the purchase price only upon the satisfaction of certain prerequisites and conditions. But there are certain items that show up in most purchase agreements in the state of Washington. Page of 5 UW Facilities Project Delivery Group.
