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une word usea frequently in real estate matters but not too wetl understood by the layman is the word "ESCROW”.
This word normally pops its head with regard to “deposit” or "earnest money” paid at time of signing a purchase and sales agreement. This deposit is held in “escrow” or a "trustee” account until the closing. The word “ESCROW” may occur again at the culmination of the sale of a home if any of the terms of the purchase and sales agreement are incomplete. This sum of money is placed in the hands of an impartial party (usually the attorney or the bank) by. one party of the
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