what's escrow?
Post 2 of 2
Hi, according to wipikeda and escrow is:
an account established by a broker, under the provisions of license law, for the purpose of holding funds on behalf of the broker's principal or some other person until the consummation or termination of a transaction, or
a trust account held in the borrower's name to pay obligations such as property taxes and insurance premiums
an account established by a broker, under the provisions of license law, for the purpose of holding funds on behalf of the broker's principal or some other person until the consummation or termination of a transaction, or
a trust account held in the borrower's name to pay obligations such as property taxes and insurance premiums
28 Apr 2009 03:55
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