What Is the Difference Between Escrow and Escrow Accounts?
Point2Homes
JULY 28, 2020
Upon arriving at a purchase agreement, the seller and buyer are generally required to select an escrow service or agent, a neutral third party who will act as a middle-man to keep both parties protected. The buyer is required to deposit their ‘earnest money deposit’, a sum of money that typically equates to around 1-3% of the sale price.
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