Escrow refers to a type of account in which the money, a mortgage or deed of trust, an existing promissory note secured by the real property, escrow "instructions" from both parties, an accounting of the funds and other documents necessary to complete the transaction by a date, is held by a third party, called an "escrow agent", until the conditions of an agreement are met. When the funding is complete and the deed is clear, the escrow agent will then record the deed to the buyer and deliver funds to the seller. The escrow agent or officer is an independent holder and agent for both parties who may receive a fee for their services.
This agreement is between a client and his attorney. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Fulton Georgia Escrow Agreement for Sale of Real Property — Deposit of Estimated Purchase Prices is a legal document that outlines the terms and conditions for the secure handling and distribution of funds in a real estate transaction in Fulton, Georgia. This agreement serves to protect both the buyer and the seller by ensuring that the estimated purchase price is safely held in an escrow account until the transaction is completed. Keywords: Fulton Georgia, Escrow Agreement, Sale of Real Property, Deposit, Estimated Purchase Prices, legal document, terms and conditions, real estate transaction, buyer, seller, secure handling, distribution of funds, escrow account. Types of Fulton Georgia Escrow Agreement for Sale of Real Property — Deposit of Estimated Purchase Prices: 1. Residential Escrow Agreement: This type of escrow agreement is used for the sale of residential properties, such as houses, apartments, or condominiums, in Fulton, Georgia. It outlines the specific terms and conditions related to the estimated purchase price and deposit requirements for residential real estate transactions. 2. Commercial Escrow Agreement: This type of escrow agreement is designed for the sale of commercial properties, such as office buildings, retail spaces, or industrial properties, in Fulton, Georgia. It addresses the unique aspects of commercial real estate transactions, including the estimated purchase price and deposit considerations specific to commercial properties. 3. Land Escrow Agreement: This type of escrow agreement is suitable for the sale of vacant land or undeveloped parcels in Fulton, Georgia. It focuses on the handling and distribution of funds related to the estimated purchase price for the acquisition of land, ensuring that the buyer and seller's interests are protected throughout the transaction. 4. New Construction Escrow Agreement: This type of escrow agreement is used when purchasing newly constructed properties in Fulton, Georgia. It includes provisions related to the estimated purchase price, deposit requirements, and specific construction-related considerations that accompany the purchase of a newly built property. 5. Foreclosure Escrow Agreement: This type of escrow agreement applies to the sale of foreclosed properties in Fulton, Georgia. It outlines the estimated purchase price and deposit requirements, while also addressing any specific terms and conditions related to the property's history of foreclosure and the associated legal proceedings. In conclusion, the Fulton Georgia Escrow Agreement for Sale of Real Property — Deposit of Estimated Purchase Prices is a crucial legal document that ensures the smooth handling and distribution of funds in various real estate transactions in Fulton, Georgia. Different types of this agreement cater to residential, commercial, land, new construction, and foreclosure transactions.Fulton Georgia Escrow Agreement for Sale of Real Property — Deposit of Estimated Purchase Prices is a legal document that outlines the terms and conditions for the secure handling and distribution of funds in a real estate transaction in Fulton, Georgia. This agreement serves to protect both the buyer and the seller by ensuring that the estimated purchase price is safely held in an escrow account until the transaction is completed. Keywords: Fulton Georgia, Escrow Agreement, Sale of Real Property, Deposit, Estimated Purchase Prices, legal document, terms and conditions, real estate transaction, buyer, seller, secure handling, distribution of funds, escrow account. Types of Fulton Georgia Escrow Agreement for Sale of Real Property — Deposit of Estimated Purchase Prices: 1. Residential Escrow Agreement: This type of escrow agreement is used for the sale of residential properties, such as houses, apartments, or condominiums, in Fulton, Georgia. It outlines the specific terms and conditions related to the estimated purchase price and deposit requirements for residential real estate transactions. 2. Commercial Escrow Agreement: This type of escrow agreement is designed for the sale of commercial properties, such as office buildings, retail spaces, or industrial properties, in Fulton, Georgia. It addresses the unique aspects of commercial real estate transactions, including the estimated purchase price and deposit considerations specific to commercial properties. 3. Land Escrow Agreement: This type of escrow agreement is suitable for the sale of vacant land or undeveloped parcels in Fulton, Georgia. It focuses on the handling and distribution of funds related to the estimated purchase price for the acquisition of land, ensuring that the buyer and seller's interests are protected throughout the transaction. 4. New Construction Escrow Agreement: This type of escrow agreement is used when purchasing newly constructed properties in Fulton, Georgia. It includes provisions related to the estimated purchase price, deposit requirements, and specific construction-related considerations that accompany the purchase of a newly built property. 5. Foreclosure Escrow Agreement: This type of escrow agreement applies to the sale of foreclosed properties in Fulton, Georgia. It outlines the estimated purchase price and deposit requirements, while also addressing any specific terms and conditions related to the property's history of foreclosure and the associated legal proceedings. In conclusion, the Fulton Georgia Escrow Agreement for Sale of Real Property — Deposit of Estimated Purchase Prices is a crucial legal document that ensures the smooth handling and distribution of funds in various real estate transactions in Fulton, Georgia. Different types of this agreement cater to residential, commercial, land, new construction, and foreclosure transactions.
