| Real Estate Dictionary |
| Not sure about the meaning of a particular word when it comes to real estate? Type the word to find its definition or select a letter to see all the definitions beginning with that letter. |
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| Real Estate Dictionary |
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| Something of value, such as money or documents, put into the custody of a third party to be delivered upon the fulfillment of specified conditions. For example, a buyer places a down payment in escrow with an attorney to be disbursed when the transaction closes or a borrower places funds in escrow with a lender to pay taxes when they are due. |
| Funds held by a lender or service provider to pay for taxes, hazard insurance, mortgage insurance and other expenses as they become due. Also known as Escrow Payment. |
| Funds held by a lender or service provider to pay for taxes, hazard insurance, mortgage insurance and other expenses as they become due. Also known as Escrow Money. |
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| Definitions are intended to be informational only. Please be advised that real estate practices vary from state to state and market to market. The information contained herein does not constitute legal advice. It is recommended that you consult with a qualified real estate attorney who can advise you specifically with respect to the requirements in your market. |
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