Frequently Asked Questions - Escrow Services

As a buyer or seller, you want to be certain all conditions of your sale have been met before property and money changes hands. The technical definition of an escrow is, "A transaction where one party engages in the sale, transfer or lease of real or personal property with another person who delivers a written instrument, money or other items of value to a neutral third person, called an escrow agent or escrow holder." The third person holds the money or items for disbursement upon the happening of a specified event or the performance of a specified condition.

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