what is escrow?

[Spikesoldier]

anyone want to provide me with a fairly short explanation of what escrow is?

 

[MustISO]

http://www.escrowhelp.com/

 

[yankeesfan]

Give a company money
The other person gives the package to them.
Escrow service handles the transaction.

 

[DnetMHZ]

An item of value, money, or documents deposited with a third party to be delivered upon the fulfillment of a condition. For example, the deposit by a borrower with the lender of funds to pay taxes and insurance premiums when they become due, or the deposit of funds or documents with an attorney or escrow agent to be disbursed upon the closing of a sale of real estate.

google is your friend

 

[woowoo]

The electronic version of scrow.......

 

[HardcoreRobot]

Originally posted by: woowoo
The electronic version of scrow.......

aka a trusted 3rd party