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 escrow agents







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Real Estate News for YOU:

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.
 
Indiabulls Real Estate: execution is key (Express India)
After receiving a huge beating on the stock market, the Indiabulls Real Estate share has started getting noticed.
 
Reeling Buyers for Your Fort Lauderdale Real Estate (Turks.US)
The Fort Lauderdale real estate is always been a market of good potential. The short sale in the real estate market has long been a big upgrade for people who want to get value for their Fort Lauderdale homes.
 






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California Department of Corporations - Escrow Agents: Employee...
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Escrow Agents ... As of close of business on 07/22/2005 Licensees renew annually on or before September 30. Note: Only active licenses are listed.

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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.

Information on Escrow

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