The term “Escrow” refers to a few things, it’s the time from when a seller accepts an offer until the sale is final. It is also a company that is the neutral third-party who handles the initial deposit funds, documents and instructions, making sure all instructions are followed, loans are funded and the new title is recorded at the County Assessor’s office, among other things.
There are many situations which can occur during the Escrow period. Here are some to be aware of.