Sunday, October 28, 2012

What Happens to an Escrow When Disaster Strikes?

It seems like natural disasters are in the news quite bit these days.  This article on the California Uniform Vendor and Purchaser Risk Act (Cal. Civ. Code § 1662), helps answer questions about what happens if disaster strikes during escrow.  The Uniform Act is worth knowing about, as it may help put buyers at ease once all contingencies have been removed.

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