Offset Statement: A statement furnished to an escrow from an owner of land subject to an encumbrance (note) as to the balance due.
Needs-B
ased Pricing: An asking price based on factors such as the funds required to pay off the seller's mortgage, the cost of remodeling, or the purchase of another house. Neutral Third Party: Escrow Officer or Holder of Escrow and the Title Company are considered a "neutral third party". These third parties will not provide any advice about the fair or un-fair value of the transaction, they would encourage you to consult legal or other professional counsel if you have any such questions.
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