Ever heard of escrow account?

In the real estate transaction, the attorney may act as a fiduciary for both parties. The buyer tenders the purchase money to the attorney who deposits the money into an ascrow account, while the seller tenders the deed of the land to the attorney. After the buyer inspects the condition of the land and the deed and finds no problem, the attorney, either by buyer's direction or according to the terms of the escrow agreement, pays the purchase money to the seller. In your case, if in light of your real estate sales agreement it is the time for the buyer to pay off the purchase money and the attorney has no good reason to withhold the escrow money, you may have a claim of malpractice against him. I would suggest that you threaten to report to the local bar association and the attorney would take it seriously. It is just another function that the attorney can play in day-to-day life. Law111 and STP, if you guys are not aware of something, please do not say that it never exists.

所有跟帖： 

• 回複：Ever heard of escrow account? -law111- ♀ (291 bytes) () 05/11/2004 postreply 13:43:48