Chicago Title NCS Chicago: SYFCREC 2021

Surviving Your First Commercial Real Estate Closing I Escrow Agreements & The Closing Process o Recitals o Disbursement procedure and disputes o Investment of funds and the right to commingle o Notices o Amendments o Escrow Termination Date Standard Provisions Investment of Funds & The Right to Commingle 11 o Escrow Trustee may commingle escrow funds in a trust account o Requires written direction and a W-9 to invest funds o Not responsible for loss of principal or interest as a result of investment o Investment accounts are FDIC insured up to $250,0000 per depositor Surviving Your First Commercial Real Estate Closing I Escrow Agreements & The Closing Process Standard Provisions Notices 12 o Recitals o Disbursement procedure and disputes o Investment of funds and the right to commingle o Notices o Amendments o Escrow Termination Date o Email notices o Listing multiple individuals for each party and their respective legal representatives prevents loss of contact after closing 11 12 153