ContractsContracts_generalMEDIUM
Escrow is typically closed when:
Correct Answer
C) All conditions have been met and documents are recorded
Escrow closes when all conditions of the purchase agreement have been satisfied, funds have been collected, and the deed and other documents have been recorded.
Answer Options
A
The buyer signs the purchase agreementB
The loan is approvedC
All conditions have been met and documents are recordedD
The buyer pays the depositVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
escrow-process-stepsdeed-recording-requirementspurchase-agreement-conditionsclosing-procedures
Key Terms:
escrow closingrecordingconditions of salegrant deedCalifornia Financial Code
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