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 los angeles escrow
Real Estate News for YOU:
Australasian Business Intelligence - Sparks fly on escrow expiry.
March 18, 2007 -- Mar 18, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Deutsche Bank has sold down its holding in Australian electricity distribution...
Bellingham Business Journal - Church joins First American Title and Escrow
June 1, 2008 -- [ILLUSTRATION OMITTED] Dee Ryan Church has joined First American Title and Escrow as a senior escrow officer. Dee has more than 28 years'...
E. Idaho real estate agents sweeten home deals (The Olympian)
Real estate agents eager to move some houses are turning to that common retail tactic: the holiday sale.
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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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As you search for los angeles escrow remember we update our site regularly. Be sure you understand the terms in any legal agreement for your own protection.
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