If both parties have signed the cancellation of contract, release of deposit and joint escrow instructions form, is the transaction to buy/sell deemed cancelled and therefore escrow closed?
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If both parties have signed the cancellation of contract, release of deposit and joint escrow instructions form, is the transaction to buy/sell deemed cancelled and therefore escrow closed?
Asked on May 29, 2012 under Real Estate Law, California
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
From what you have said here it appears that the transaction is indeed cancelled and done with but I would consult with an attorney in your area and have them reivew the documents to be sure. Better safe than sorry.
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