What Is Escrow?

Real Estate Q&ACategory: QuestionsWhat Is Escrow?
JRE Staff asked 2 years ago

What Is Escrow? Escrow is a legal concept describing a financial instrument whereby an asset is held by a third party on behalf of two other parties that are in the process of completing a transaction. The escrow agent holds the funds or assets until it receives appropriate instructions or until predetermined contractual obligations are fulfilled. Money, securities, funds, and other assets can all be held in escrow.

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