Escrow is the neutral party that orchestrates a real estate transaction.
The escrow officer or closer makes sure that the terms of the purchase agreement are respected by all parties and that they are all informed and updated on the status of the transaction. Escrow acts by written instructions only from the parties of the transaction. Amongst many other functions, Escrow is the trusted money keeper and distributor.
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The escrow officer or closer makes sure that the terms of the purchase agreement are respected by all parties and that they are all informed and updated on the status of the transaction. Escrow acts by written instructions only from the parties of the transaction. Amongst many other functions, Escrow is the trusted money keeper and distributor.