A Four-Perspective Journey Through the Escrow Process

The Buyer

• Gets pre-approval letter from Lender and provides to Real Estate Agent.
• Makes offer to purchase. Upon acceptance, opens escrow and deposits earnest money.
• Schedules inspections (home, pest, etc.) and reviews results.
• Requests repairs or …

What is Escrow?

Escrow is a financial and legal arrangement in which an impartial third party, known as the Escrow Officer, temporarily holds and safeguards assets or documents until specific conditions of a contract are met. Acting as an agent for all parties involved (e.g., buyer, seller, borrower, lender), …