Asked by Michael, Pasadena, TX • Mon Jan 12, 2009
multiple counter offers. The way I read that box, the seller has to sign in box 7 since there is a check in box 4; however, the seller only initialed in #8. Is this the same thing? The language is awkward and unclear. The portion in the parentheses seems to suggest that there is a binding agreement because I, the Buyer received a copy. Reading on, it states Completion of this confirmation is not legally required in order to create a binding Agreement; it is solely intended to evidence the date that Confirmation of Acceptance has occured. Could you explain this confusing jargon please? Also, does escrow begin when the check is cashed or when the purchase agreement is given to escrow, or when I actually return the signed escrow instructions?
Thanks a lot!
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