Chicago Title NCS Chicago: SYFCREC 2021

Surviving Your First Commercial Real Estate Closing I Escrow Agreements & The Closing Process Depositing Earnest Money Joinder 19 Surviving Your First Commercial Real Estate Closing I Escrow Agreements & The Closing Process Depositing Earnest Money Third Party Deposit 20 o The sender of the deposit is not the same as the entity signing the agreement o The third-party depositor waives any present or future interest in the deposit o The parties to the agreement retain full control of all escrow funds 19 20 157