What is Escrow? – Part 2 – What Does Escrow Need?

Ready to start that purchase/sale transaction? Are you ready to OPEN ESCROW? What is needed ? A real estate contract? A good faith deposit? Maybe the correct property address? Maybe the correct buyer’s name? How about the sales price and loan amount? Obvious information? You would think! Here are 13 categories of what basic information is needed in order to start it up right.