Which items are included in information required for the escrow officer to prepare a complete and accurate escrow instruction?

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The money side of the deal must be fully captured in the escrow instructions. The sales price sets the overall value and affects how funds are allocated, prorations, and the distribution of credits and debits. Details about new loans to be obtained and loans that will remain clarify how the purchase will be financed and what lender requirements the escrow must coordinate. Identifying loans that will be paid off is essential so payoff figures can be obtained, lien releases secured, and the title conveyed free of encumbrances. When all of these financing elements are included, the escrow officer can prepare complete and accurate instructions that correctly reflect how the transaction will be funded, closed, and recorded. Omitting any part of this financing picture can lead to misstatements, delays, or problems at closing.