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 guaranty escrow services







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Real Estate News for YOU:

Market Wire - Equastone Double Escrows Office Building in New Orleans
August 20, 2008 -- Equastone, a private real estate investmentfirm based in San Diego, California, has completed a double escrow of theMcGlinchey Stafford building...
 
Tamdeen Real Estate Company wins highly prestigious property awards from CNBC (AME Info)
Kuwait based Tamdeen Real Estate Company, a leading Kuwaiti real estate company was awarded today the coveted Best Architecture and Best Development Awards for Madinat Al Fahaheel, and the Best High-Rise Development Award for Al Manshar Rotana Hotel, from the CNBC Arabian Property Awards.
 
Lucia Mar finalizes purchase of Oceano center (Arroyo Grande Times Press Recorder)
The Lucia Mar Unified School District is the official owner of the Oceano Community Center. The district closed escrow on the $1.7 million property this week, essentially assuring the embattled center’s future for years to come.
 






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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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