Escrow in Real Estate Explained
Find out the meaning of “escrow” in real estate terminology, how it works, and the process when you buy a house.
What Does Escrow Mean in Real Estate?
Escrow is a legal arrangement where a third party temporarily holds money, property, or other assets until specific conditions are met. It's a financial agreement between two parties facilitated by an escrow agent. The agent manages the escrow account and ensures that assets are released only when predetermined...
