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Escrow agent

Law Escrow accountEsquire

escrow agent
n. a person or entity holding documents and funds in a transfer of real property, acting for both parties pursuant to instructions.

 


ESCROW AGENT: In some states, this person conducts real estate closings and collects the money due the parties.

ESCROW AGENT - This person often conducts real estate closings and collects the money due the parties. The escrow agent can also hold important documents, such as originals, until some agreed upon condition is met.

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, ...

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 ACCOUNT - A special account in which a lawyer or escrow agent deposits money or documents that do not belong to him or his firm.

A bank account in the name of an attorney, who is the escrow agent, which used to hold funds belonging to a third party.

Evidence ...

See also: Agent, Documents, Escrow, Document, Property

Law Escrow accountEsquire

 
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