I'm not sure now that they're all called 'demands' or not...but the objective is that an escrow company must provide to the buyer a property that is free of all claims to the property at the time of purchase. The escrow company must execute the contractual terms without bias to any party. If someone provides a claim for some payment, and it's not in the listing agreement or purchase agreement, the escrow company needs to get authorization from the party(s) involved in order to pay that. They can't just pay it arbitrarily.
So now I'm going to call my escrow officer and ask whether there's different names for these claims or whether they're all called 'demands'....but again, why do you ask?
In escrow, demands more commonly come from utility companies for back owed bills, seller lenders (when doing short sales), HOA companies for outstanding HOA dues, DCSS (back owed child support), etc. Finally, there is the broker demand for payment of services on the transaction, or commission payment request.
Hope this helps.
The second type of demand is from the listing and selling brokerages. These are statements of how much money each brokerage should receive from the seller's net proceeds as commission. They may or may not be equal amounts. These demands do not expire.
A home inspector or a pest company or other type of contractor do not submit demands. They submit invoices for repair work.
Lyon Real Estate
Hey it looks like you were up in the "O-Dark" time when most of us where snoring.... and yet you were able to get some answers pretty quickly... Pass the word about Trulia to your friends.... this is a great resource isn't it...