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 fidelity title
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Tamweel offers 90% finance at Cityscape Dubai 2008 (AME Info)
Tamweel PJSC announced today that it will offer up to 90% finance on selected Tamweel properties during Cityscape Dubai 2008, the largest business-to-business real estate investment and development event in the world, which takes place from October 6-9, 2008, at the Dubai Exhibition and Convention Centre.
DIFC announces launch of fund targeting investment in uae's real estate sector (AME Info)
DIFC Investments, the investment arm of the Dubai International Financial Centre (DIFC), announced today it is launching, through its real estate arm, a real estate fund that will invest in Dubai and the UAE's real estate sector.
Market Wire - Waverley's Escrowed Shares Transfered
May 2, 2008 -- Waverley Biotech Inc. (TSX VENTURE: WVE.P) today announced that a transfer within escrow of 756,667 common shares of the Company which are subject to...
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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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