An Escrow acts as an agent for both the buyer and seller in a transaction (or lender and borrower). The Escrow Company has a duty to comply precisely with the written instructions. Sometimes both parties to an escrow give conflicting instructions to the Escrow Company. If this happens, the Escrow company can not follow the instructions of one party without the permission of the other party. To solve an escrow dispute, both parties to the escrow must instruct the escrow holder to do the same thing. If a dispute arises concerning a purchase contract, frequently the deposit gets stuck in escrow because both parties are giving conflicting instructions to the escrow holder about what to do with the deposit. Some buyers and real estate agents believe that if the buyer does not remove all contingencies that they have the right to cancel and get their deposit back. This is not necessarily true. The buyer has a duty to act in good faith and try to remove all contingencies. We handle all kinds of escrow disputes.
30011 Ivy Glenn, Suite 121
Laguna Niguel, California 92677
Telephone: (949) 363.5573
Fax: (949) 363.1306