Escrow at Real Estate Glossary

What is it? 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.

Real Estate Definition Added By: Drew

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We hope you now understand the meaning of Escrow. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Real Estate Terms:

Real Estate Term Home rule is The power of a local government to adopt its own land-use regulations.

Real Estate Term Cosigners is Additional signers of a financial agreement that add their personal guarantees to that of the borrower.

Real Estate Term Fixtures is An article that was once personal property but has been so affixed to real estate that it has become real property. Whether an article is a fixture depends on the intention of the parties and may be determined by the manner in which the item is attached,

Real Estate Term Subject Property is A reference to the real property under discussion, or the real property under appraisal. (See appraisal)

Real Estate Term Shared-appreciation mortgage is A loan that allows a lender or other party to share in the borrowers profits when the home is sold.