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In the event of a buyers breach of a residential real estate contract, which of the following is true? a. Escrow may distribute the liquidated
In the event of a buyers breach of a residential real estate contract, which of the following is true? a. Escrow may distribute the liquidated damage amount to the seller immediately upon notice of breach. b. Escrow requires joint escrow instructions, signed by all buyers and by all sellers, acknowledging the breach and authorizing the distribution of funds held by escrow. c. Escrow may sue the breaching buyer(s) on behalf of the seller(s). d. Escrow legally may only take instructions from the party who is paying the escrow fees.
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