Escrow 1) n. a form of account held by an "escrow agent" (an individual, escrow company or title company) into which is deposited the documents and funds in a transfer of real property, including the money, a mortgage or deed of trust, ...
Escrow: Money or a written instrument such as a deed that, by agreement between two parties, is held by a neutral third party (held in escrow) until all conditions of the agreement are met.
ESCROW ACCOUNT - A special account in which a lawyer or escrow agent deposits money or documents that do not belong to him or his firm.
escrowThis term is usually used to put aside some money, documents, or something of value, with an independent third party called an escrow agent, to satisfy certain debts or obligations established in a written agreement.
Escrow: The holding on to of money or a written document, such as shares or a deed, until certain conditions are met by the two contracted parties.
Escrow When the performance of something is outstanding and a third party holds onto money or a written document (such as shares or a deed) until a certain condition is met between the two contracting parties.
Escrow Reimbursement An assumptions or wrap loan transactions, the buyer reimburses the seller for the current balance of his escrow (or impounded) funds.
ESCROW: Money or documents, such as a deed or title, held by a third party until the conditions of an agreement are met. For instance, pending the completion of a real estate transaction, the deed to the property will be held "in escrow." ...
escrow account a separate account into which the lender puts a portion of each monthly mortgage payment; an escrow account provides the funds needed for such expenses as property taxes, homeowners insurance, ...
escrow - A writing, deed, money, stock, or other property is given to a third person to hold until all conditions in a contract are fulfilled. estate - A collective term meaning all real and personal property owned by a person.
ESCROW, conveyancing, contracts. A conditional delivery of a deed to a stranger, and not to the grantee himself, until certain conditions shall be performed, and then it is to be delivered to the grantee.
Escrow The placement of money or a document with a third disinterested person , to be held by that person until the terms of a contract or agreement between two or more other persons are met.
Escrow Money or property put into the custody of a third party for delivery to a grantee only after the fulfillment of the conditions specified. Escrow Account ...
Escrow Account A bank account in the name of an attorney, who is the escrow agent, which used to hold funds belonging to a third party. ...
Expanded Legal Definition of EscheatEscrow When the performance of something is outstanding and a third party holds onto money or a written document (such as shares or a deed) until a certain condition is met between the two contracting parties.
the examination of county records for the property's title history by a title company, an abstractor, attorney or escrow officer to determine the "chain of title" and the current status of title, including owner, legal description, easements, ...
If the seller accepts the offer, the earnest money is held in escrow by the real estate broker (in states like New York) or by a settlement or title company (in states like California, Florida, and Texas) until closing and is then applied to the ...
All settlement or transaction charges (above and beyond the actual cost of the property) that home buyers (or sellers) need to pay at the close of escrow when the property is transferred.
It is possible to deposit a deed with a third party or a court for delivery to the purchaser; this is termed a delivery in escrow.
See also: Property, Law, State, Will, Person
 
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