Description

Basics of Escrow/Settlement in NM
Course#40000019 - 2CE (In-Person)
Instructor: Scott Florez
$35 - Members, $50 Non-Members

Course Description: A basic New Mexico escrow/settlement course covers the real estate closing process, focusing on the neutral third-party role (escrow holder/settlement agent), handling funds/documents, title examination (legal descriptions, liens, easements), contract provisions, lender requirements, disbursements, ethics, and NM-specific issues like construction liens or probate, all aiming to ensure smooth property transfers by meeting conditions. Core Concepts Covered: What is Escrow/Settlement? A neutral third party (escrow agent) holds funds/documents (like the deed) for buyer/seller until all contract conditions are met, then distributes them to finalize the sale. Key Players: Buyer, Seller, Escrow Holder/Agent, Lender, Title Company. Escrow Holder's Role: Ensures all purchase agreement stipulations are met, manages the closing process, handles earnest money, and disburses funds correctly.