Summary: Our three-part series on escrow continues with part two, where the Virginia REALTORS® legal team discusses how to disburse funds from escrow accounts. Cate and Erin review different methods of disbursing funds, including the ever-elusive interpleader. Finally, they discuss some common legal hotline questions, such as “How long is a broker allowed to hold an EMD if neither party agrees to its disbursement?”
