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 portland escrow
Real Estate News for YOU:
Extra Listings:
title services Portland Oregon,Escrow OR closing offices title...
...title services Portland Oregon,Escrow OR closing offices title Portland Oregon Salem Fidelity national title insurance closing title services...
South Portland Maine Escrow Services
South Portland Maine Escrow Services Escrow Services in South Portland...
title insurance Portland Oregon,Salem Oregon Linn Benton Polk Marion
...title insurance Portland Oregon,Salem Oregon Linn Benton Polk Marion county title insurance Portland Oregon counties Escrow services title service...
Portland Oregon Escrow Services
Portland Oregon Escrow Services Escrow Services in Portland...
Portland Escrow Service
Complete Portland Escrow Service directory with listings that include maps, phone numbers, web sites and more. New reviews are added daily.
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.
Information on Escrow
As you search for portland escrow remember we update our site regularly. Be sure you understand the terms in any legal agreement for your own protection.
Copyright 2005 Understanding-Escrow.com
|
|
|
|