Escrow Advice 488388807043998927-blid-3950013547479247661

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An escrow is opened when a seller and a buyer sign a real estate contract or a purchase agreement. This contract, which has the details of the transactions serves as the instructions for the escrow officer about the agreement. An escrow assures that the funds are released by the lender on time for home purchase and it involves depositing of the funds, agreements and the important documents involved in a transaction with a third unbiased party.
from: http://ezinearticles.com/?Escrow-Advice&id=2854656