an independent third party who handles aspects of the purchase and related loan transaction. The escrow agent will usually hold the down payment until the closing, . Sometimes escrow functions are handled by a licensed title insurance company and sometimes an attorney manages the transaction.
A third party that, under written instructions holds certain documents signed by the buyer and/or the seller, as well as funds pending close of escrow.
a custodian or stakeholder of funds designated for a special purpose, usually pursuant to a written agreement
an agent and fiduciary of only the parties to the escrow
The neutral third party holding funds or something of value in trust for another or other.
A third party responsible to hold funds until the buyer receives the portfolio and is satisfied that the data matches the summary data provided prior to the sale by the seller.
A third party who, by agreement, controls certain information, such as the names on tests, submitted by a first party, so that this information is not obtained by the second party.
Any independent third party who receives items to be held in escrow, holds such items until transfer is allowed, and then delivers them.
"n. a person or entity holding documents and funds in a transfer of real property, acting for both parties pursuant to instructions. Typically the agent is a person (commonly an attorney), escrow company or title company, depending on local practice. See also: escrow "
The person or organization having a fiduciary responsibility to both the buyer and seller (or lender and borrower) to see that the terms of the purchase/sale (or loan) are carried out.
The third party responsible to the buyer and seller or to the lender and borrower for holding the money or documents until the terms of a purchase agreement have been met.
person or company holding all documents, monies until closing/settlement.
A neutral third party who ensures that all conditions of a real estate transaction are met.
A neutral third party who holds the documents and money in a real-estate transaction until all conditions of the property sale are met.
A person with fiduciary responsibility to the buyer and seller, or the borrower and lender, to ensure that the terms of the purchase/sale or loan are carried out.
assures that all documentation related to the sale of a house has been completed properly, including the title search and title insurance, explains all closing documents to the buyer and the seller, obtains their signatures where necessary and records the documents
In some states, this person conducts real estate closings and collects the money due the parties.
A neutral third party who ensures that all condition of a real estate transaction are completed satisfactorily.
A disinterested third party appointed to act as custodian for documents and funds during the transfer from seller to buyer.
neutral third party who holds money and documents until all conditions of the agreement are satisfied and then directs the closing of the transaction.