Escrow Instructions Legal Meaning and Definition
Here is a simplified definition of the legal term Escrow Instructions.
Escrow Instructions (noun): These are official written directions provided by the buyer and seller involved in a property transaction to a title company, escrow company, or individual handling the escrow. These instructions guide the escrow holder about how to "close" or finalize the real estate deal. They are usually prepared by the person managing the escrow and later approved by the involved parties and their agents.