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 california escrow association
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Real Estate News for YOU:
Almaden Minerals Ltd. Announces Closing of Private Placement (Marketwire via Yahoo! Finance)
Almaden Minerals Ltd.(NYSE-A: AAU) announces that it has closed in escrow a Private Placement of 86,000 Units at a price of $0.70 per Unit. Each Unit will consist of one flow-through common share and one non-flow-through common share purchase warrant entitling the holder to purchase one additional non-flow-through common share at a price of $1.00 per share for a period of 1 year from the Closing.
Hypo Real Estate Sells EU30 Billion of Secured, Guaranteed Debt (Bloomberg)
Nov. 19 (Bloomberg) -- Hypo Real Estate AG , the German property lender bailed out last month, placed 30 billion euros ($37 billion) of secured and guaranteed notes, according to Deutsche Bank AG, the arranger of the issue.
Target shareholder revises real estate proposal (AP via Yahoo! News)
Investor William Ackman offered some tweaks Wednesday to his plan aimed at increasing the value of Target Corp., saying as much as 20 percent of the real estate investment trust he was pushing for could be spun off in an initial public offering.
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California Escrow Association / CEA
The California Escrow Association is a statewide organization for professional escrow practitioners.
CEA California Escrow Association
Learn How to Use Fill-In PDF's. All contents of this web site are TM / Copyright 2001-2005 California Escrow Association...
California Escrow Association / CEA From the President
Margarita F Billings, CEO ... 2004 CEA President. All contents of this web site are TM / Copyright 2001-2004 California Escrow Association...
RisMedia.com - California Escrow Association Holds 49th Annual...
California Escrow Association Holds 49th Annual Conference. Home Real Estate News. Author: Beth Bresnahan. Publishing date: 09/08/04
California Escrow Association / CEA Links
All contents of this web site are TM / Copyright 2001-2004 California Escrow Association...
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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