Case of the TBD Escrow Agent

by amyc

A dispute over a late escrow deposit centered on one missing contract detail: the seller never named the escrow agent. This case shows how leaving an escrow agent listed as “TBD” can turn a simple deadline issue into years of litigation and attorney fees.

Categories

Recent Posts

Tips for Residential Sales with a Tenant-Occupied Property
Tips for Residential Sales with a Tenant-Occupied Property
HUD changes guidance on emotional support animals
HUD changes guidance on emotional support animals
FHA changes could help buyers, rehab deals
FHA changes could help buyers, rehab deals
What Happened at NAR RLM in D.C.?
What Happened at NAR RLM in D.C.?
Pricing missteps cost sellers at closing, data shows
Pricing missteps cost sellers at closing, data shows
Today's market favors agents who adapt
Today's market favors agents who adapt
Average 30-year rate holds near 6.5% for sixth straight week
Average 30-year rate holds near 6.5% for sixth straight week
Florida investor loans signal steady demand
Florida investor loans signal steady demand
Florida renters are still squeezed even as rents cool in some areas
Florida renters are still squeezed even as rents cool in some areas

Share on Social Media

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Juliana Martins, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.