ContractsEASY
After escrow instructions have been signed, the seller asks escrow to return the grant deed to them so they can have an attorney check it. What is the result of this activity?
Correct Answer
C) Escrow needs to close promptly before the attorney gets a chance to review the dee
Escrow closes when all conditions are met and documents are recorded.
Answer Options
A
The return of the deed constitutes a rescission of the contract by the seller.B
The escrow officer needs to return the deed if so instructed by one of the principals.C
Escrow needs to close promptly before the attorney gets a chance to review the deeD
d. The escrow officer cannot return the deed based on the seller’s request.Video Explanation2 min
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Related Topics & Key Terms
Related Topics:
escrow-procedurescontract-executiondeed-recording
Key Terms:
escrow instructionsCalifornia escrow lawbilateral agreementgrant deedescrow neutrality
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