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 definition
Real Estate News for YOU:
Market Wire - Kinbauri Gold Corp.: Funds Released From Escrow
October 22, 2008 -- Kinbauri Gold Corp. ("Kinbauri") (TSX VENTURE: KNB)(FRANKFURT: 3KG.DE) announces that Anglo Pacific Group PLC ("APG") is now releasing all escrowed...
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 ...
Oakland Tribune - School site escrow closes
January 19, 2007 -- SAN BRUNO -- The San Bruno Park School District is $30 million richer, and the pool of affordable housing in the city should grow, thanks to a deal...
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What is Escrow?
Escrow is the neutral third party who handles the transfer of documents and monies involved in the colsing of a Real Estate Transaction based upon
Legal Definition of Escrow Account
The Legal Term * Escrow Account * Defined & Explained...
definition of escrow
...definition of escrow...
Legal Definition of Escrow
The Legal Term * Escrow * Defined & Explained...
ESCROW - GLOSSARY DEFINITION
ESCROW ... The closing of a transaction through a third party called an escrow agent, or escrowee, who receives certain funds and documents to be...
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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