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by mzkhadir on September 26th, 2003
Escrow is a service where a unsolicited party hold the money while a deal is going down. Escrow reduces the potential risk of fraud by acting as a trusted third party that collects, holds and disburses funds according to Buyer and Seller instructions. Escrow services are provided by a licensed and regulated escrow agent.
by Fun2WinPrizes on December 10th, 2005
The deposit of instruments and funds with instructions to a third party to carry out the provisions of an agreement or contract; when everything is deposited to enable carrying out the instructions, it is called a complete or perfect escrow.
by Andy Is Wicked Married to Penal Colony on June 12th, 2004
An account in which a neutral third party holds the documents and money in a real-estate transfer until all conditions of a sale are met. Also, an account in which money for property taxes and insurance is held until paid; money is added to the account every time a mortgage payment is made.
I have a 70,000 loan with 8% fixed interest rate but my payments are from 640.00 to 798.00 one was 815.00 is this right?
by jammnwright on August 25th, 2010
| 1 person likes this
how do you get this application for the Hamp Program for saving your mortgage?
by londa1017 on June 8th, 2010
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The CFPB: Not Everyone is an Attorney?
by mdGreg on September 17th, 2010
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Did you refi, now that rates are at rock bottom?
by Piano Player on June 20th, 2010
| 1 person likes this
What is mortgage?
by bonezip on June 9th, 2010
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