What Is Escrow? When it comes to where mortgages are concerned, "escrow" and "escrow accounts" refer to two slightly different concepts. Escrow is the process by which a neutral third party mediates a real estate deal, holding money and property "in escrow" until the two sides agree ... Continue Reading » about What Is Escrow?
real estate terms
What Is Earnest Money and Why Do I Need It?
What Is Earnest Money and Why Do I Need It? If you’ve never been through the home-buying process, some of the terminology can seem a bit foreign. One of the many phrases you might come across is earnest money. When making an offer on a home, it is often encouraged to include earnest money with ... Continue Reading » about What Is Earnest Money and Why Do I Need It?
