real estate transactions: What is Escrow?
- 01/31/20 12:42 PM
The word escrow can be confusing because it has several different meanings in real estate transactions. The actual definition of escrow is something of value.
Down payment check Documents Purchase and sales agreement Instructions These valuable items are given to an impartial third party to hold until specific conditions are met. This third party can be an escrow agent, title agent, or a closing attorney. It is important to know that the third party does not have anything to gain or lose from the real estate transaction. Anchor Seaport Escrow is a trusted escrow company in Long Beach. They are independently owned and … (1 comments)
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The word escrow can be confusing because it has several different meanings in real estate transactions. The actual definition of escrow is something of value.
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