Escrow

The Importance Of Escrow Accounts

The Importance Of Escrow Accounts Escrow is a legal arrangement between a buyer and seller. This legal arrangement is formed to ensure that a certain agreement on the purchase of a property is fulfilled. However, neither the seller nor the buyer hold on to this agreement but a third party of their choosing. Furthermore escrow is used to protect the "earnest money" paid by the buyer. In this article, we...

What is escrow and how does it work?

If you have researched the home buying process you would have realised that there are several steps to homeownership. There are also a number of contingencies and contractual obligations that must be fulfilled before the keys are handed to the buyer. Needles to say, the home buying process can be complex and confusing. However, escrow can make the home buying process much smoother. So, what is escrow and...

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