Escrow


What is Escrow?

A deposit of money, valuables or documents with a third party for subsequent use. In real estate, escrow is commonly used during property transactions to hold funds, such as the buyer’s deposit, until all terms of the sale are fulfilled. The escrow agent ensures that both parties meet their contractual obligations before releasing the funds or documents. This process adds a layer of security and neutrality, helping to facilitate a smooth and fair closing.

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