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Real Estate Glossary


- Escrow

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Escrow
A neutral third party holds the documents and money involved in a real estate transaction and ensures that all conditions of a sale are met.. Escrow also refers to a special account that a lender establishes to hold monthly installments from the borrower to cover property taxes and insurance.

Related Terms
Escrow closing
Escrow payment
Escrow analysis
Escrow agent
Servicer
Trust account
Escrow company
Back-to-back escrow
Escrow account

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