What is the role of an escrow agent in manufactured home transactions?

The role of an escrow agent in manufactured home transactions is primarily to manage funds and documents throughout the closing process until all conditions of the sale are met. This involves holding the buyer's deposit, ensuring that all necessary documents are in order, and facilitating the transfer of ownership once the agreed-upon conditions have been satisfied by both parties. The escrow agent acts as a neutral third party to ensure that the transaction proceeds smoothly and that the interests of both the buyer and the seller are protected.

This role is crucial in maintaining trust throughout a transaction, as it provides a systematic way to ensure that neither party can access the funds or critical documents until the contract conditions are met, preventing potential disputes. In contrast, the other options do not accurately reflect the responsibilities of an escrow agent. For instance, representing only the seller's interests, providing financing, or evaluating the condition of the home are tasks that fall outside the scope of what an escrow agent typically does.