The Escrow and Title Insurance Process
An escrow is a financial instrument where a third party holds and regulates the disbursement of the funds necessary for the parties involved in a real estate transaction.
An escrow company is a neutral third party
An escrow is a depository for all monies, instructions and documents necessary for the purchase of your home.
An escrow is a financial arrangement where a third party holds and regulates payment of the funds required for two parties involved in a given transaction. It helps make transactions more secure by keeping the payment in a secure escrow account which is only released when all of the terms of an agreement are met as overseen by the escrow company.