Real Estate Glossary

What is Escrow Company?

An escrow company is a business that acts as an escrow agent, holding onto important documents and funds related to a real estate transaction until the completion of certain conditions or actions. Escrow companies are usually independent and impartial entities which can provide a safe, reliable environment for the exchange of the documents and the funds. Escrow companies are also responsible for ensuring that the escrow process is conducted legally and accurately, and that all the terms and conditions of the purchase or sale agreement are met.