Question

Escrow closing can avoid problems that may arise should marriage intercede between the time of execution of the purchase contract and the delivery of the deed to a grantee by

A. extinguishing all dower rights in the real estate.

B. invalidating the contract the parties had formed.

C. prohibiting the escrow agent from conveying the deed because of spousal interests.

D. allowing the escrow agent to deliver a deed deposited in escrow upon fulfillment of the conditions contained in the agreement.

Answer 1

Escrow closing allows the escrow agent to deliver a deed deposited in escrow upon fulfillment of the conditions contained in the agreement.

Step-by-step explanation:

The answer to the question is D. allowing the escrow agent to deliver a deed deposited in escrow upon fulfillment of the conditions contained in the agreement. Escrow closing is a process used in real estate transactions to protect both the buyer and seller. It involves placing funds, documents, or other items of value with a neutral third party known as an escrow agent until specified conditions are met. In the context of the question, escrow closing ensures that the delivery of the deed to the grantee occurs once all the conditions in the purchase contract are fulfilled.