What information must be included in a purchase and sales contract if the title company is holding escrow?

In a purchase and sales contract where a title company is holding escrow, it is essential to include the name, address, and phone number of the title company. This comprehensive information ensures that all parties involved have clear and direct means of communication with the title company, which plays a critical role in the transaction. Including the name allows for proper identification, the address ensures that all documentation can be sent to the correct location, and the phone number facilitates immediate contact if any issues arise during the escrow process.

Providing only the name of the title company or just the phone number would not be sufficient, as it could lead to confusion or delays in communication. Omitting the address would make it difficult to establish the title company's physical location, which is important for sending documents or checks. Thus, including all three elements—name, address, and phone number—provides a complete and effective way to manage the escrow and any related inquiries.