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 title abstractor salary







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Real Estate News for YOU:

Market Wire - Baja Mining Closes Transaction With Korean Consortium in Escrow
June 3, 2008 -- Baja Mining Corp. (the "Company" or "Baja") (TSX: BAJ) is pleased to announce that the transaction with the consortium of Korean companies led by...
 
Market Wire - Inflazyme Pharmaceuticals Announces Escrow Closing of Private Placement
July 1, 2008 -- Inflazyme Pharmaceuticals Ltd. (NEX: IZP.H) announced today that it has closed in escrow a $300,000 non-brokered unit private placement (the...
 
Indiabulls Real Estate: execution is key (Express India)
After receiving a huge beating on the stock market, the Indiabulls Real Estate share has started getting noticed.
 






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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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