What is a Real Estate Escrow?
A real estate escrow is a typical part of the purchase and sale of real property. It allows a disinterested third party (an Escrow Holder) to hold funds and conveyance documents received from the buyer and seller until the close of the transaction. If all requirements of the transaction have been met, then, at the closing, the Escrow Holder delivers the written documents, evidence of title, money or other thing of value to the appropriate parties involved in the transaction.
