Investment Property – Escrow Understanding

One formal definition of escrow describes it as ” a deposit of funds or other instruments by one party for the delivery to another party upon completion of a particular condition or event. ” Escrow is a complicated process that intimidates many buyers, but it’s intended to protect both you and the person from whom you are buying the house. It ‘ s important to ask questions if you don ‘ t understand what is being done or why it is being done a certain way.

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