What is Escrow?
- TOCR Real Estate School
- Mar 13, 2023
- 1 min read
During the home buying process, your money will be placed "in escrow" and is protected by a third party until the real estate transaction is closed.
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Your funds will be kept "in escrow" during the property purchase process, where they will be secured by a third party until the deal is finalized.
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A third party temporarily keeps money or property in escrow, a legal arrangement, until a certain condition, such as fulfilling a purchase agreement, has been satisfied.
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I am also don't know the Escrow, But When I read it then I came to know that is a legal agreement whereby a third party holds funds or property until a specific condition is met.
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