Escrow F A Q 's

What is an escrow closing?

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An escrow closing is a process where a neutral third party holds funds and documents related to a real estate transaction until all the conditions of the sale are met.

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The dictionary definition of escrow is a document, deed, or monetary instrument deposited with a neutral third party, to be delivered to grantee upon fulfillment of specified conditions.  So to break it down...In a real estate transaction, the buyer is depositing funds with escrow and the seller a "deed", which shall be conveyed to the buyer once the contract obligations have been satisfied.  Once the deed is conveyed to the buyer (recorded) the funds are released to the seller.