Repair Escrow Letter Template
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1To whom it may concern,
We, the undersigned buyers of the property at ___________________________, agree to the following:
The repairs including the ___________________________ will be completed and ready for inspection
no later than five days after the closing of this loan. The closing is scheduled for __________ therefore
the inspection will take place on ________. We agree to let the inspector back in on _________ to
complete the final inspection. We are aware there will be a repair escrow held at 1.5 times the amount
of the following repairs:
1) ____________________
$_____
2) ____________________
$_____
3) ____________________
$_____
___________________________________________
= $______ X 1.5 = $______
It is understood that once Equity Resources reviews and approves the inspection stating the work is
complete the escrow money will be released.
Sign: ______________________________
Print: _____________________________
Sign: ______________________________
Print: _____________________________
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Parent category: Business