What Is The Purpose Of An Escrow?
Answers for Buyers

The common use of an escrow is to enable the parties in a real estate transaction to deal with each other with less risk, since the escrow holder acts as:

1. Custodian for funds and documents.

2. A clearing house for payment of all demands.

3. An agency to perform the clerical details for the settlement of the accounts between the parties.

Provided By: United Title Company