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Escrow is an item of value, money, or documents deposited with a third party to be delivered upon the fulfillment of a condition. For example, the deposit by a borrower with the lender of funds to pay taxes and insurance premiums when they become due, or the deposit of funds or documents with an attorney or escrow agent to be disbursed upon the closing of a sale of real estate.
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Escrow is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
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