Premium Only Content

Who Typically Holds The Contract Deposit in Escrow for a Real Estate Transaction in New York?
Chris at Hauseit (https://www.hauseit.com) goes over which party typically holds onto the buyer's contract deposit in an escrow account for a real estate purchase transaction in New York.
Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014.
.
Who typically holds the contract deposit and escrow for a real estate transaction in New York? The contract deposit is typically held in escrow by the seller's attorney. Typically, the buyer's attorney will send the signed contract by the purchaser to the seller's attorney and concurrently the buyer's attorney will also send either via courier or certified check or more typically a wire the buyer's contract deposit to the seller's attorney's escrow account.
As you can imagine, the seller will be more comfortable if his or her own attorney acts as the escrow agent and holds onto the funds in case the buyer defaults on the contract.
.
Save money when buying, selling and renting real estate in New York and Florida with Hauseit (https://www.hauseit.com). Available in NYC, Long Island, the Hudson Valley and South Florida. Established 2014.
Hauseit Group LLC, Licensed Real Estate Broker
Tel: +1 (888) 494-8258
Email: team@hauseit.com
_
#hauseit #hauseitnyc #hauseitmiami #hauseitsouthflorida #hauseitlongisland #hauseithudsonvalley #hauseitwestchester #hauseitrealestate #hauseitrealestate
-
3:12:42
IsaiahLCarter
1 day ago $0.79 earnedChristopher Hitchens Knew. || APOSTATE RADIO 022 (feat. Dan Burmawi)
19.8K1 -
2:35:29
vivafrei
14 hours agoEp. 271: Elon Musk Creates New Party? Big Beautiful Bill PASSES! Diddy Cover-Up? AND MORE!
149K125 -
LIVE
Spartan
8 hours agoPro Halo Player | Ranked, SWTOR later (maybe)
27 watching -
LIVE
xXFadedAngelXx
2 hours agoSPLITGATE RANKED IS HERE (Splitgate 2)
206 watching -
LIVE
iCheapshot
3 hours agoChill Vibes on The Pokémon Scarlet
24 watching -
1:52:48
Nerdrotic
6 hours ago $1.66 earnedThe Mystery of the Navel Idols w/ Graham Langdon | Forbidden Frontier #107
114K6 -
4:14:42
megimu32
4 hours agoOFF THE SUBJECT: Sunday Sillies - Rants, Reactions & Ridiculousness
31.5K5 -
LIVE
MyronGainesX
15 hours ago $1.53 earnedFormer Fed Explains Bryan Kohberger Guilty Plea, MAGA Meltdown On Tucker, And MORE!
1,783 watching -
1:03:11
Sarah Westall
7 hours agoHow the United States could Dominate Global Finance for the Next 100 Years w/ Reggie Middleton
44.3K20 -
8:48
Hollywood Exposed
9 hours agoWhen Tom Cruise Has ENOUGH of Rude Interviewers...
25.4K13