Found 1 blog entry tagged as Real Estate Transactions.

Understanding Escrow in Real Estate Transactions

A real estate escrow is a critical safeguard in property transactions, serving as a neutral third-party arrangement that protects both buyers and sellers during the complex process of transferring property ownership.

What is Escrow?

Escrow is a legal arrangement where a third party temporarily holds money, documents, or other assets until specific conditions are met in a transaction. In real estate, this means the buyer's funds and the seller's property documents are held by an escrow agent—typically an attorney, title company, or specialized escrow company—until all terms of the purchase agreement are satisfied.

The Role of the Escrow Holder

The escrow holder serves as a neutral…

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