The Balance
Author: Justin Pritchard Read His Bio| Follow Him on Twitter
Date: Updated December 14, 2021
URL: https://www.thebalance.com/what-is-escrow-315826
According to The Balance, real estate escrow is “… is commonly used when you buy or sell a home. It opens when a signed agreement is delivered to an escrow officer, who ensures that the conditions of the contract are all satisfied. For example, the officer might verify that home inspections, disclosures, and objections are completed or resolved on time. Escrow closes when the purchase money is disbursed to the seller and the title is recorded in the name of the buyer.”
Head over to The Balance to learn more about Real Estate Escrow and best practices! https://www.thebalance.com/what-is-escrow-315826