[WSBARP] Document from Escrow Officer

[Robert S Schuck]

An alternative I have seen and used is supplement escrow instructions
which are signed a closing which encompass language to the effect the
property is approved, all conditions have been met and they approve the
settlement statement and loan documents. This is more appropriate because
inspections etc haven’t been accomplished. The one size all instructions
can create problems.

 

Robert S. Schuck
Kennedy,Schuck & Miller, PLLC
1520 140th NE, Suite 200
Bellevue, WA 98005
(425)451-3760 (telephone)
(425)451-3878 (facsimile)
rsschuck at ksmlawfirm.com  

 

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From: wsbarp-owner at lists.wsbarppt.com
[mailto:wsbarp-owner at lists.wsbarppt.com] On Behalf Of Clark, Catherine
Sent: Wednesday, August 27, 2014 10:04 AM
To: wsbarp at lists.wsbarppt.com
Subject: [WSBARP] Document from Escrow Officer

 

Listmates:

 

My client, a seller of property, has been presented a document to sign,
pre-closing, which states:

 

All terms, conditions and contingencies of the Purchase and Sale Agreement
have been met to our satisfaction.  Closing was completed per the
Agreement.

 

Ever seen that before?

 

If so, what say you?

 

I think no, no and no.  First, offered pre-closing.  Second, beyond the
terms of the PSA.  Third, what?!

 

All thoughts appreciated.

 

Catherine C. Clark

Law Office of Catherine C. Clark PLLC

701 Fifth Avenue, Suite 4105

Seattle, WA  98104

Phone:  (206) 838-2528

Fax: (206) 374-3003

Email:  cat at loccc.com

 

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