WHAT IS ESCROW?
Escrow is the depositing of funds and documents that establish terms and conditions for the transfer of property ownership with an impartial third party.
When the parties deliver documents and money to the impartial escrow holder to be held for further delivery until certain conditions have been met, we say the documents are held “in escrow.” We may also say the parties have “opened an escrow.” Each of the principals of the escrow (Seller, Buyer, Lender) will give to the escrow holder written instructions setting out the conditions under which the further delivery is to be made.
Watch our videos below and learn more about this entire process:
Offer Accepted
Prior To Inspection
After Escrow Opened
After Inspection
Contingency Removed
Moving Tips
Prior To Buyer Signing Documents
Escrow Is Nearly Closed!
After Close Of Escrow
