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 professionals
Real Estate News for YOU:
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.
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 ...
Birch Terrace by Silverstone Communities Proves Affordable Price and Desirable Location Can Still Sell Homes Despite ... (Business Wire via Yahoo! Finance)
PLEASANTON, Calif.----Silverstone Communities today announced the completion of their new home community, Birch Terrace, near downtown Pleasanton, California. This new community of 45 townhomes opened in June 2007 and closed escrow on the final home in November 2008.
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Escrow Professionals of Washington
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Escrow Professionals of Washington: Resources
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Welcome to American Escrow Association!
National Trade Association of settlement and escrow industry professionals.
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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As you search for escrow professionals remember we update our site regularly. Be sure you understand the terms in any legal agreement for your own protection.
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