Escrow | firsttuesday Journal

The seller cancels the purchase agreement: now what?

by Carrie B. Reyes | Apr 24, 2023 | Buyers and Sellers, Feature Articles, Market Watch features, Your Practice | 0

Buyer remedies when a seller breaches or cancels a purchase agreement

Time to perform as staging a cancellation

by Carrie B. Reyes | Apr 10, 2023 | Feature Articles, Real Estate, Your Practice | 0

Learn when a buyer or seller may exercise their right to cancel the purchase agreement and terminate the transaction.

Cancellation excuses further performance

by Carrie B. Reyes | Mar 2, 2023 | Buyers and Sellers, Feature Articles, Market Watch features, Real Estate, Your Practice | 0

When is a buyer or seller entitled to exercise their right to cancel a purchase agreement and escrow instructions?

Form-of-the-Week: Occupancy Agreements — Interim and Holdover — Forms 271 and 272

by Amy Platero | Nov 14, 2022 | Buyers and Sellers, Forms, Home Sales, Real Estate | 0

Buyers and sellers use RPI Forms 271 and 272 to occupy property as tenants until a replacement residence is secured.

Failing to qualify, or just cold feet? More homebuyers backing out of deals in 2022

by ft Editorial Staff | Aug 22, 2022 | Buyers and Sellers, Home Sales, Real Estate | 0

June 2022 saw the most escrow cancellations since the 2020 pandemic disruption.

Escrow Instructions – Buyer and Seller Instructions – RPI Form 401

by ft Editorial Staff | Oct 18, 2021 | Forms | 0

Download the Form This form is used by an agent or an escrow officer when preparing a purchase agreement (as an attachment) or preparing instructions to open a purchase escrow, to instruct escrow to prepare documents and gather...

Form-of-the-Week: Escrow Instructions and Sales Escrow Worksheet – Forms 401 and 403

by ft Editorial Staff | Oct 18, 2021 | Forms, Real Estate | 0

An agent uses RPI Forms 401 and 403 to prepare instructions for opening a sales escrow.

Word-of-the-Week: Preliminary title reports

by Emily Kordys | Dec 7, 2020 | Real Estate, Video | 0

Preliminary title report (prelim) – a revocable offer by a title insurer to issue a policy of title insurance.

Brokerage Reminder: Disbursement of funds when a transaction fails

by ft Editorial Staff | Jun 23, 2020 | Brokerage Reminder, Fundamentals, Real Estate | 3

Keep yourself informed about the rules surrounding disbursement of funds held in escrow after a failed transaction.

Funds Held in Escrow on Cancellation

by ft Editorial Staff | May 11, 2020 | Feature Articles, Real Estate, Video | 0

Who has the right to receive funds deposited in escrow when escrow fails to close?

Escrow Prorations

by ft Editorial Staff | May 4, 2020 | Feature Articles, Real Estate, Video | 0

Credits or charges in escrow for a buyer’s or seller’s proportionate share of income or expenses involved in the ownership of the property being conveyed