What Is the Difference Between Escrow and Escrow Accounts?
Point2Homes
JULY 28, 2020
Put simply, escrow is a legally binding arrangement in which a third party takes custody of sums of money, deeds, and documents, until a specified agreement is reached between two parties. The second type is normally referred to as an escrow account and is associated with your mortgage. But what does it mean, and why is it important?
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