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 fund







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Real Estate News for YOU:

Fresh & Easy market in Oak Park: On hold? (The Sacramento Bee)
The Fresh & Easy Neighborhood Market chain has taken a big step toward moving into Oak Park, closing escrow last week on a vacant parcel at Broadway and 34th Street. But it's not at all clear how quickly the British-owned firm will build and open that store, along with 18 additional outlets planned for the Sacramento area and dozens more throughout Northern California. The company's push into ...
 
Habitat home rules are hard for many on Gulf Coast (Memphis Commercial Appeal)
Many of the dozens of completed Habitat for Humanity houses in hurricane-ravaged areas of Texas, Louisiana and Alabama are occupied or will soon be dedicated. But not in Mississippi, where only six of the 30 homes are filled. Potential homeowners are having a hard time meeting the program's requirement to save about $3,500 in an escrow account for a year's worth of taxes and insurance.
 
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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Extra Listings:

2005-2006 Bill 3304: Tobacco Escrow Fund enforcement -...
Tobacco Qualified Escrow Fund Enforcement. SECTION 1. A. Title 11 of the 1976 Code is amended by adding: "CHAPTER 48...

Escrow Fund
Escrow Fund...

Judge creates escrow fund in Falls fuss
Local News Judge creates escrow fund in Falls fussIn a Circuit Court Hearing on possible receivership for Lafayette Golf Course, Judge Robert Miller

What law governs the payment of escrow funds to the proper party?
Top Questions. What law governs the payment of escrow funds to the proper party?

The Manila Times Internet Edition | METRO > No misuse of $683-M...
Metro Regions Opinion World Weekend Sports. Sunday, January 18, 2004. No misuse of $683-M escrow fund assured. By Maila Ager , Reporter...



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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