If the Buyer & Seller are binding on the RE Forms contract, and they decide to have the Closing Attorney hold the Earnest Money, what document should the closing attorney sign & why? Watch the video to find out!
Special Stipulation: “All parties acknowledge that the funds referenced in this Escrow Agreement refer to the Earnest Money referenced in paragraph 3 of the “Contract for Purchase & Sale of Residential Real Property in Georgia (RE100) & paragraph #3 of the “Standard Terms” (RE1.) The Escrow Holder shall fulfill all the responsibilities of holder of these funds as outlined in those paragraphs of those contracts referenced herein.”
What to Consider When Having a Closing Attorney Hold Earnest Money – https://youtu.be/567XVdnPGXQ
GAR Midyear Changes – 2021 – https://youtu.be/LpuJDESaDkc
FYI… there are more videos on the YouTube Channel, “Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter.