Definition of Mutual Acceptance:
Mutual Acceptance in Orange County:
This is just a very fancy term to where both the buyer and seller have agreed on the price and terms of the purchase. After they have agreed upon this they will both sign the Purchase and Sale Agreement at which point the buyer will schedule an inspection and deposit their earnest money into escrow within one to three business days in the form of certified funds, money order or wire-transfer. After the mutual acceptance the BanCorp agent will keep their client informed of all aspects of the transaction.