Escrow & Title
In Mississippi, 'joint escrow instructions' from both buyer and seller are provided to the escrow/closing agent. These instructions:
AAre suggestions the escrow agent may ignore
BAre the binding agreement governing how the escrow agent will handle the closing, disburse funds, and complete the transaction✓ Correct
CApply only to the purchase price disbursement
DSupersede the purchase contract in all cases
Explanation
Joint escrow instructions from both parties create the escrow agent's mandate — the specific conditions that must be met before the escrow agent can close the transaction and disburse funds. The agent acts as a neutral stakeholder and must follow the instructions precisely.
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