Escrow Agreement

Effective Date: ____/____/______

This Escrow Agreement is between:
Seller

[Legal Name]

Located at

[Address]
[City], [State] [Zip Code]

&
Buyer

[Legal Name]

Located at

[Address]
[City], [State] [Zip Code]

&
Escrow Agent
Located at

[Legal Name]
[Address]
[City], [State] [Zip Code]

This Escrow Agreement is entered into at the same time as the above Seller
and Buyer have entered into a Contract of Sale and Purchase of Real Estate.
This Escrow Agreement is hereby placed together with the Contract for Sale
and Purchase of Real Estate Contract.
The closing of the Real Estate Contract will take place on:
____/____/______ at ____:_____ AM / PM
At the office of:
Name:
________________________________________________________________________
Address:
______________________________________________________________________

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City: ___________________________________ State: ___________ Zip:

__________________
As per the Real Estate Contract, the Buyer has deposited with the above
listed Escrow Agent a down payment in the amount of:
$_____________________________________
At the closing, the Escrow Agent will pay the amount that is deposited to the
Seller or in accordance with the Sellers instructions. At which time the
Escrow Agent will make the necessary transfer of title to the said property to
the Buyer.
If there is no closing according to the Real Estate Contract. The Escrow Agent
will withhold all money that was deposited until he or she receives written
instructions that are signed by both the Buyer and Seller regarding the
handling of all deposited funds. If the Escrow Agent does not receive the
proper instructions signed by both parties the Agent may either bring action
or proceedings to determine the correct handling of the deposited funds or
the Agent may continue to hold the deposited funds until further notice. The
Agent is hereby under no obligation to bring action or proceeding to
determine the handling of deposited funds.
The Escrow Agent hereby assumes only the liability of stakeholder. The Agent
shall incur no liability whatsoever to anyone except for acts in bad faith and
willful misconduct or gross negligence. All parties excuse and hereby release
the Escrow Agent for all acts done or omitted in good faith.
Applicable Law
This contract shall be governed by the laws of the State of __________ in
__________ County and any applicable Federal Law.

__________________________________________________________
Date____________
Buyer Signature

_____________________________________________________________________Date___________
_
Seller Signature

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_____________________________________________________________________Date___________
_
Escrow Agent Signature

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