Are you confused or curious about escrow?



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Escrow is a legal arrangement whereby a thing (often money, but sometimes other property such as art, a deed of title, or software source code) is delivered to a third party (called an escrow agent) to be held in trust pending a contingency or the fulfillment of a condition or conditions in a contract. Upon that event occurring, the escrow agent will deliver the thing to the proper recipient, otherwise the escrow agent is bound by her or his fiduciary duty to maintain the escrow account. Read more on american escrow association







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Real Estate News for YOU:

For Real Estate, Akron Ranked No. 1 In This College Poll (The Tampa Tribune)
Football fans awaiting President-elect Barack Obama's call for a college football playoff have another poll they can focus on in the meantime, thanks to Coldwell Banker Real Estate. Since the Akron Zips are ranked No. 1, rather than the Alabama Crimson Tide, this poll, at first glance, could cause football followers more grief than the various ballot- and computer-based rankings that determine ...
 
San Fernando Valley Business Journal - Industrial park 25 percent in Escrow
April 14, 2008 -- North Valley Commerce Center, a 201,326-square-foot industrial park in Sylmar, is nearing completion with 25 percent of the project in escrow in the...
 
Citigroup Says Concerned by U.A.E. Banks' Real Estate Holdings (Bloomberg)
Nov. 19 (Bloomberg) -- Holdings by United Arab Emirates banks in the construction and real estate industries and the affect they may have on asset quality and the cost of equity is a concern, Citigroup Inc. said.
 






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Escrow is not just a term for real estate. While escrow is best known in the context of real estate, escrow companies are also commonly used in the transfer of higher value properties like websites and businesses. It is even used in auction sites where two parties unknown to each other are making a transaction and there is no previous history. In addition there can be lawyer transactions with clients that involve escrow. Real estate agents are in some jurisdictions considered to act as escrow agents when they accept deposits for the purchase of real property.

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