Can someone explain to me what the issue is for: Selection of escrow agent at sole discretion of developeretc.I know we have a lawyer on the board so maybe he could help. It is my understand that when money is in escrow you still have to have a judge release it? It is not like Partners do
Posting endless messages how Asbury was or complaining how the city signed everything away is not going to help the future. Yes memories are great and we can hope that people will learn from mistakes.But enough bitching and wake up and realize a new agreement will not be created and signed by
--- In AsburyPark@yahoogroups.com, Allan Peterson [EMAIL PROTECTED]
wrote:
Can someone explain to me what the issue is for:
Selection of escrow agent at sole discretion of developer
etc.
I know we have a lawyer on the board so maybe he could help. It
is my understand that when
You're exactly right Allen, particularly if the escrow agent is an
attorney (which is the best way to go because his license is at
stake if he screws up by even a nickel).
The escrow agent can't choose sides. He can't release any money
unless both sides authorize it. If they don't agree, a
