Can I eSign Tennessee Escrow Agreement

Can i document type e sign escrow agreement tennessee

hi it's John with elements Realty Group and you are looking at a sample escrow agreement from armored secure this is gonna be very similar to yours except this is a sample information only let's quickly go through this and explain to you what everything is number one is the place in date of the escrow agreement typically that's going to be where the house is located number two is the seller information number three buyer information number four is the legal description of the property as it appears on the offer number five is very important now you're gonna see at the end of this document there's an additional page that has all this information that's going to be what you bring to your bank but I do want to explain this information to you now the bank that you are sending it to you're sending US dollars to a u.s. account that's very important for your bank to understand so please explain that to them some of them when they see Mexico in here that are thinking ah you're gonna want to send pesos and they'll charge you to send those pesos well what's gonna happen is it's not a piece of what County gets bounced back the bank charges you to buy the pesos and they charge you when it comes back so please explain to the bank US dollars to a u.s. acute so the next part of this is this account information right here this is your personal armored secured escrow account number this is a sample document your number is going to be different than this one about what you're going to say to your bank is is in the comments or notes section to put a reference of this number right over here that is for armored secured when they receive the deposit they'll know whose account to credit that to number six is the deposit amount in this scenario it's three hundred thousand dollars that's going to go through the escrow account if we're just sending the deposit right now it's going to be ten percent typically of that whatever you're going to be sending so in this account it would be thirty thousand that they are wiring u.s. dollars to this u.s. account referencing this account information plus this 750 US dollars that is going to be for the fee the escrow fee so in this case it would be thirty thousand seven hundred and fifty dollars they would be sending in this seven hundred and fifty is what escrow a fee is for armored secured as of this date in 2018 the expiration date is not the date that the agreement expires the sale agreement this is the date when the escrow agreement expires and typically there's going to be additional time in there in case any funds have to be withheld for whatever reason it's very very rare that we have to withhold any funds everything just gets wired typically very normally but in the event that it is the escrow account is not closed until this date the number nine is the agents email addresses what happens is is once they receive any information regarding the account they send it to their clients or we send it to you page number two is signatures now for both there's one of you or two of you if there's one just taking this whole signature line if there's two maybe you want to here and one right beside I'm trying to get to close to the margin because the other one could just go right on top as well the rest of this escrow agreement is all boilerplate and that just means that it doesn't matter whose account it is it's always the same information just the legalese for the account now on the last page is that information you're gonna bring to the bank and once again you're gonna be sending it to the u.s. dollars to a u.s. account referencing this number and the notes or comments or even reference line and then the other thing that you're gonna do is just initial the bottom of every single page except for that signature page right here which you have signed but also initial it and if there's two of you when initials here the other one shows right here if there's four of you just kind of all clustered it together on the left-hand side of the page the seller will do the same on the right-hand side of the page well there you go if you have any questions about your escrow just email your agent otherwise please initial sign scan and email it back to us and we'll talk to you soon thanks for that