We ended up pushing closing out 2 days, sending our final request for the seller to cover the complete cost of the repairs. The only ones that can instruct escrow to not close are the principals ( buyer and seller ) only .Agents don't legally have the right to. The escrow agent serves a number of important functions during the closing and settlement process. Seller credits can be used for almost any type of repair. If the lender conditions their loan closing upon the repairs and the seller does not have funds to make the repairs, then we are in a catch 22. It is very common for a buyer and seller to negotiate a seller credit in lieu of repairs after a buyer does a home inspection. Escrow Officer: Escrow instructions, documents and forms to be filled out. Once the buyer and seller have agreed to their transaction in principal, the escrow agent will begin its preliminary preparations. So how do you get the seller to pay for repairs that you negotiate to be compensated for?
