Escrow is a financial arrangement in which a third party holds and regulates payment of the funds required for two parties involved in a given transaction. It helps make transactions more secure by keeping the payment in a secure escrow account which is only released when all of the terms of an agreement are met as overseen by the escrow company. In the context of property, escrow is often used in the sale of real estate. It is a process in which the buyer deposits funds with a third party, who then holds the funds until all the conditions of the sale are met as set out in the sales contract. The escrow company then disburses the funds to the seller and other parties involved in the transaction.
Some companies in the escrow market include Escrow.com, Global Escrow Services, and Escrow Agent Services. Show Less Read more
