Escrow Closing Letter for Loan Sales (Commercial Real Estate) | Practical Law

Escrow Closing Letter for Loan Sales (Commercial Real Estate) | Practical Law

An escrow closing instruction letter agreement for a loan sale transaction between the seller and the nominated escrow agent. It requires the escrow agent to follow the loan seller's closing instructions for disbursing proceeds and handling closing documents. The loan buyer signs this Standard Document, but only to acknowledge the rights and duties of the other parties. This Standard Document has integrated notes with important explanations. It also contains drafting tips and other guidance for the parties and signatories.

Escrow Closing Letter for Loan Sales (Commercial Real Estate)

Practical Law Standard Document w-040-4776 (Approx. 21 pages)

Escrow Closing Letter for Loan Sales (Commercial Real Estate)

by Practical Law Real Estate
MaintainedUSA (National/Federal)
An escrow closing instruction letter agreement for a loan sale transaction between the seller and the nominated escrow agent. It requires the escrow agent to follow the loan seller's closing instructions for disbursing proceeds and handling closing documents. The loan buyer signs this Standard Document, but only to acknowledge the rights and duties of the other parties. This Standard Document has integrated notes with important explanations. It also contains drafting tips and other guidance for the parties and signatories.