Viewing: escrow
Real Estate Escrow Accounts
What is Escrow? Escrow is the depositing of funds and documents by the parties to a transaction with an impartial or neutral third party. It takes orders from sellers, buyers, lenders, inspectors and others setting out the terms and conditions under which further delivery is to be made. Many escrows are done through title companies which provide reports and title insurance. Escrow enables the parties in a real estate transaction to reduce the risk. The Escrow Holder Acts as: A…
Posted in Real Estate