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Real Estate Glossary

Escrow

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Written by Richard Wilson

This is a written agreement for a neutral third party to hold funds on behalf of the other two parties engaged in a financial transaction. The funds can be held in escrow until all the conditions of a transaction are satisfied.

This is a written agreement for a neutral third party to hold funds on behalf of the other two parties engaged in a financial transaction. The funds can be held in escrow until all the conditions of a transaction are satisfied.

About the author

Richard Wilson