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When the purchase and sale contract is already set, escrow becomes a part of the transaction. It serves as protection for both the buyer and the seller during the home-buying process. Together with Laurie Cole from WFG National Title and Escrow, we will talk about what escrow is, its role when home buying, earnest money deposits, and the final closing process.
You can listen to the whole part one of this interview in the video above or skip to a topic that interests you by using the timestamps below:
0:00 — Introduction
0:20 — Escrow in real estate transactions
1:15 — 3 methods to deposit earnest money
1:45 — Escrow process
3:59 — Closing process
4:49 — Working with lenders
5:11 — Having a tight timeframe
5:25 — End of part 1
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