FANDOM


When a property goes into escrow, a trust account called an Escrow Account is set up. These accounts will usually be setup with either an Escrow or Title Insurance company.

After the home is purchased, the escrow account may be continued with the mortgage as a way to pay associated costs such as taxes or insurance.

RelatedEdit

External linksEdit

  • Wikipedia's article on escrow
Community content is available under CC-BY-SA unless otherwise noted.