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 11 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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