Escrow Thursday: Why Do I Need An Escrow?

Why Do I Need An Escrow?
An escrow assures all parties to a transaction (everyone involved) that no funds are delivered and no documents are recorded until all conditions in the transaction have been met. This will include all contingencies in the purchase and sale agreement that are involved in a real estate transaction. This means that if you buy or sell a property, escrow holds onto the money until everything that’s supposed to happen does happen, including transfer of title, thus protecting everyone.
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