Escrow

This is the second article (see the first one here) in our series on the specific terms and phrases you can encounter during a real estate transaction. The language of escrow and the real estate transaction doesn't need to be a stumbling block; once you...

Real estate transactions, and the escrow processes that make them happen, sometimes have a level of industry jargon that can be confusing or intimidating to buyers and sellers who aren't familiar with the meaning behind the words. This is the first in a series of definitional...

According to Merriam-Webster, escrow is defined as: a deed, a bond, money, or a piece of property held in trust by a third party to be turned over to the grantee only upon fulfillment of a condition. Whether it is the buying and selling of a...

Want to make your REO escrow go as smoothly as possible? Here are a few tips: Fact: The REO escrow must close on time. Fact: The escrow cannot be opened until the purchase agreement is uploaded to the sellers (banks) online REO system and made available to escrow...