WebJun 24, 2024 · Key Takeaways Escrow refers to a neutral third party holding assets or funds before they are transferred from one party in a... The third party holds the funds … WebFeb 17, 2024 · Opening an Escrow Account for Real Estate. 1. Identify your need for an escrow account. An escrow account holds money, much like a bank account, except the money is held with an escrow company. The escrow company will only release the money once certain conditions are met.
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