Monday, July 20, 2015

Term of the Day: Escrow Agent

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July 20, 2015
Escrow Agent

An entity that has fiduciary responsibilities in the transfer of property from one party to another. Typically associated with selling or buying a home or other property, the escrow agent will secure the property and examine documents to make sure that the terms of the sale are met on each end, serving both the buyer and seller in the transaction.

Investopedia Explains:

An escrow agent may be a title company when it comes to selling a home; the title company will hold the deed in escrow until all...

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Related Definitions

In Escrow
Escrow Agreement
Escrow
Deed
Air Loan

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Yellow Knight
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