This form is a model set of escrow instructions, informing an escrow agent of desired duties in a real estate transact. Adapt to fit your specific circumstances.
Santa Clara California Escrow Instructions in Short Form, also known as the Santa Clara CA Short Form Escrow Instructions, is a legal document that outlines the terms and conditions for an escrow agreement between the buyer, seller, and the escrow company in the context of a real estate transaction in Santa Clara, California. These instructions serve as a concise and simplified version of the full escrow agreement, providing a summary of the key provisions and requirements. Some common types of Santa Clara California Escrow Instructions in Short Form include: 1. Purchase Agreement Instructions: These instructions specify the terms of the purchase agreement, such as the purchase price, property description, contingencies, and timelines. 2. Deposit and Earnest Money Instructions: This type of short form escrow instructions details the amount and delivery of the earnest money deposit made by the buyer to the escrow company as a sign of good faith and commitment to the transaction. 3. Title and Insurance Instructions: These instructions cover the requirements for title search, title insurance, and any additional insurance policies required by the buyer or lender. 4. Loan Instructions: In case the buyer is financing the purchase with a mortgage or loan, loan instructions outline the lending terms, conditions, and requirements, including the delivery of funds from the lender to the escrow account. 5. Contingency Instructions: This type of short form escrow instructions addresses any contingencies or conditions that need to be met by the buyer or seller before the transaction can proceed, such as property inspections, appraisals, or repair requests. 6. Closing Instructions: Closing instructions provide guidance on the final steps of the escrow process, including the distribution of funds, delivery of executed documents, and the transfer of ownership. Santa Clara California Escrow Instructions in Short Form enable a more straightforward and streamlined process by summarizing the key aspects and obligations for all parties involved. It is crucial for buyers, sellers, and their agents to carefully review and understand these instructions to ensure a smooth and successful closing of the real estate transaction.
Santa Clara California Escrow Instructions in Short Form, also known as the Santa Clara CA Short Form Escrow Instructions, is a legal document that outlines the terms and conditions for an escrow agreement between the buyer, seller, and the escrow company in the context of a real estate transaction in Santa Clara, California. These instructions serve as a concise and simplified version of the full escrow agreement, providing a summary of the key provisions and requirements. Some common types of Santa Clara California Escrow Instructions in Short Form include: 1. Purchase Agreement Instructions: These instructions specify the terms of the purchase agreement, such as the purchase price, property description, contingencies, and timelines. 2. Deposit and Earnest Money Instructions: This type of short form escrow instructions details the amount and delivery of the earnest money deposit made by the buyer to the escrow company as a sign of good faith and commitment to the transaction. 3. Title and Insurance Instructions: These instructions cover the requirements for title search, title insurance, and any additional insurance policies required by the buyer or lender. 4. Loan Instructions: In case the buyer is financing the purchase with a mortgage or loan, loan instructions outline the lending terms, conditions, and requirements, including the delivery of funds from the lender to the escrow account. 5. Contingency Instructions: This type of short form escrow instructions addresses any contingencies or conditions that need to be met by the buyer or seller before the transaction can proceed, such as property inspections, appraisals, or repair requests. 6. Closing Instructions: Closing instructions provide guidance on the final steps of the escrow process, including the distribution of funds, delivery of executed documents, and the transfer of ownership. Santa Clara California Escrow Instructions in Short Form enable a more straightforward and streamlined process by summarizing the key aspects and obligations for all parties involved. It is crucial for buyers, sellers, and their agents to carefully review and understand these instructions to ensure a smooth and successful closing of the real estate transaction.