Escrow & Title
In Arizona, escrow instructions are:
AVerbal directions given to the escrow officer at closing
BWritten directions to the escrow company governing how the transaction is to be completed✓ Correct
CThe preliminary title report issued by the title company
DThe lender's appraisal instructions to the borrower
Explanation
Escrow instructions are binding written directions from both buyer and seller (and often the lender) that instruct the escrow company on the conditions that must be met and the steps to be taken to close the transaction.
Related Arizona Escrow & Title Questions
- Under Arizona law, when selling a property within a homeowners association (HOA), the seller must provide the buyer with HOA disclosures including:
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