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Export Escrow Agreement Template

Export Escrow Agreement Template

Aug 6th, 2022

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How to Export Escrow Agreement Template

4.7 out of 5

58 votes

Dan Horn, Associate Broker at Coldwell Banker Schulz Realty and founder of Team Success Listing, addresses frequently asked client questions in a weekly series. This week’s topic is repair escrow. A repair escrow involves the title company holding a specific amount of money from the buyer at closing until designated repairs are completed, after which the funds are released to the contractor. Different rules apply to FHA and HUD escrows compared to conventional mortgages. Horn shares a personal example of purchasing a house in Lapeer during winter, emphasizing the importance of understanding the escrow process for home repairs.

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