Definitions for "Escrow Instructions"
Instructions which are signed by both buyer and seller, and which enable an escrow agent to carry out the procedures necessary to transfer real property, a business, or other assignable interest.
Instructions which are signed by the parties to an escrow, and which allow an escrow agent to carry out the procedures necessary to transfer property or other assignable interests, or service an agreement.
Written directions, signed by a buyer and seller, detailing the procedures necessary to close a transaction and directing the escrow agent how to proceed.
This discloses when the escrow should be closing and when possession should take place, proration of property taxes, transfer taxes, release of funds and the basics of satisfying the escrow demands.