Escrow & Title
In Montana, 'joint escrow instructions' are signed by both buyer and seller to:
ACreate a binding purchase contract between the parties
BInstruct the escrow agent on how to conduct the closing, specifying conditions that must be met before funds and documents are disbursed✓ Correct
CTransfer the property before all conditions are met
DReplace the need for a title search
Explanation
Joint escrow instructions are signed by buyer and seller and provided to the escrow agent/title company, directing how the closing is to be conducted, what conditions must be met, and how funds and documents are to be distributed.
Related Montana Escrow & Title Questions
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