In Escrow

In Escrow - An escrow is a trust provided by a third party. When funds are placed in trust under the supervisor of this third party it is referred to as the funds being ?in escrow.? This form of trust provides both the seller and buyer the use of someone with no vested interest in the transaction to ensure it transpires and all funds are properly transferred. The third party will also handle all documentation required for completion of the transfer in funds. Escrows serve a wide variety of purposes with regards to sales of anything requiring completion of documentation and records pertinent to a sale.