Escrow & Title
In Colorado, an 'escrow holder' in a real estate closing is responsible for:
AA. Representing either buyer or seller
BB. Holding funds and documents in trust and disbursing them according to the parties' instructions when all conditions are met✓ Correct
CC. Appraising the property
DD. Negotiating the contract terms
Explanation
An escrow holder (typically a title company in Colorado) acts as a neutral third party to hold funds, deeds, and documents, and disburse them according to the contract and closing instructions when all conditions of the transaction have been satisfied. The escrow holder does not represent either party.
Related Colorado Escrow & Title Questions
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