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Escrow Service, Real Estate Title Companies Agents & Service, Escrow Service, Real Estate & Title Companies, Title Companies
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We feature local business listings for Escrow Service in Yakima 98901 and Sunnyside 98944.
People who search for this, may also be interested in: escrow service,finance,financial institutions,functions related to deposit banking.
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Escrow
From Wikipedia, the free encyclopedia
An escrow is a contractual arrangement in which a third party (the stakeholder or escrow agent) receives and disburses money or property for the primary transacting parties, with the disbursement dependent on conditions agreed to by the transacting parties. Examples include an account established by a broker for holding funds on behalf of the broker's principal or some other person until the consummation or termination of a transaction; or, a trust account held in the borrower's name to pay obligations such as property taxes and insurance premiums. The word derives from the Old French word escroue, meaning a scrap of paper or a scroll of parchment; this indicated the deed that a third party held until a transaction was completed.
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