Escrow & Title
In Illinois, escrow instructions bind the escrow agent to:
AAct according to the escrow agent's discretion and professional judgment
BFollow the specific written instructions of both parties without deviation unless both parties modify the instructions✓ Correct
CDistribute funds to the party who files a claim first
DAlways hold funds until a court order is obtained
Explanation
Escrow agents are bound to follow the written instructions of both parties precisely. If conflicting claims arise or parties disagree, the escrow agent typically cannot release funds until the dispute is resolved and both parties provide modified instructions or a court order is obtained. This protects all parties.
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