What is Escrow:

 

 

Escrow is a company that acts like a referee between buyer and seller.

 

They make sure money is deposited , they will research liens for the seller and take it out of seller proceeds. They also research title on the property to search for incumberances, liens, or anything hindering title.

They make sure all money is paid out appropriately. The escrow company is a neutral party to each transaction.

 

If they transaction falls through, they will not return any funds unless both buyer and seller agree to terms.

 

They also research title on the property to search for incumberances, liens, or anything hindering title.