Generally, a Seller May Close Escrow While Incarcerated
FACTS:
After the contract was signed and while escrow was pending, the seller was incarcerated. The buyer is concerned about a successful close of escrow in light of the seller’s incarceration.
ISSUE:
May the seller close escrow even while in jail?
ANSWER:
See discussion.
DISCUSSION:
Provided the seller has capacity and the terms of his incarceration enable him to sign documents, there is no prohibition against the seller closing escrow while in jail.
Note: A real estate licensee may not practice real estate while in jail. See A.R.S. Section 32-2166.