Published On Oct 2, 2019
What is escrow when buying a house? What is an escrow account? Escrow in real estate has a lot of power. This determines how much money is in your client's biggest investment: their home.
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It's a common term for new real estate agents and anyone who's entering the home transaction process.
In real estate, the escrow process is where important assets, such as money, are kept safe by a third party. This third party is called an escrow company, and they have the responsibility of overseeing the assets.
Chapters:
00:00 - Intro
00:23 - What is Escrow?
00:58 - How Escrow works in real estate
02:25 - What happens to Escrow when there is an issue in the transaction?
04:10 - What is Escrow involved with?
05:10 - Final Thoughts on Escrow
#Escrow #EscrowRealEstate #EscrowHome