what is escrow: What is Escrow?
- 08/11/10 09:06 AM
In my former career, working as an Escrow Officer in the oh-so-sexy Title Insurance industry, I was frequently asked the question, "what is escrow?" The term, for me, always brought to mind a limbo-like state, in which homebuyers sit in anticipation of their home officially becoming theirs. In essence, it is a bit of a financial limbo, in which your purchase money sits, not belonging solely to you anymore and not yet the seller's. The word escrow is derived from an Old French word, "escroue", meaning scrap of paper. This referred to the deed that a third party held until a … (0 comments)
This blog is a celebration of Petaluma, CA and the surrounding areas of Sonoma County. Known as the "Gateway to Wine Country" Petaluma is full surprises and offers a quality of life which emphasizes community and history.
In my former career, working as an Escrow Officer in the oh-so-sexy Title Insurance industry, I was frequently asked the question, "what is escrow?" The term, for me, always brought to mind a limbo-like state, in which homebuyers sit in anticipation of their home officially becoming theirs. In essence, it is a bit of a financial limbo, in which your purchase money sits, not belonging solely to you anymore and not yet the seller's.
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