Who holds the funds after execution?
Funds are held securely in the settlement agent, escrow.com until all delivery and payment conditions are fulfilled.
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What if the buyer doesn't deposit funds in time?
After both parties have signed the contract, the buyer must deposit the required funds to Escrow within two (2) business days. Failure to pay within the time allotted cancels the trade, restores the lot to the listing and results in penalties to the ...
How soon after contract signature is the transaction funded?
Buyers have two (2) business days following contract signature to remit the full transaction payment to settlement agent, Escrow.com. Failure to fully deposit funds into Escrow.com at the end of two (2) business days results in transaction ...