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Re: Need for escrow (by Kari K.):

Also, in addition to escrow holding the monies, escrow also orders, records and holds the deed----the seller doesn't get his money until the buyer gets his deed and all bills are paid---whether it's liens for unpaid maintenance or what.....believe it or not, for resorts who have Rights of First Refusals on sales, they will want to know what Title & Escrow service is being used...that way they can make sure that all unpaid monies due them is paid thru escrow.