Q: The buyer’s attorney has not released the escrow of $10,000.00 paid by Seller. The closing was Dec. 15, 2021. T
The mandatory water test passed, yet buyer’s attorney demands that seller, me, pay for installation of water treatment system. I advised the attorney that the installation of the system is buyer’s responsibility, yet attorney has still not released the escrow funds back to SELLER. What do I do as the seller to compel release of the funds back to me.
A: Your contract to purchase the property should include language regarding the means for resolving escrow account disputes. Also, if the attorney provided an escrow agreement when you deposited the money, that agreement should also specify the means for resolving disputes.
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