What is Escrow? What do I Need to Do?
Posted by Kathleen Emrey on Monday, January 27, 2014 at 7:39:45 AM
By Kathleen Emrey / January 27, 2014
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Navigating the course of purchasing a new home can appear daunting.
For instance - what is Escrow? Most buyers know about the beginning process of purchasing a home: pre-approval, working with a buyer's agent, making an offer and doing inspections but what is escrow?
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Buyers and sellers of a property establish, through the sales contract, the terms and conditions for the transfer of ownership. The escrow holder is the neutral, third party that oversees that these terms are fulfilled.
So often buyers hear that...
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