What is Escrow?

Image of Stephen Palermo sitting at his desk explaining Condo Financing Explained

What is an Escrow Account? When you’re in the process of buying a home, there’s a term you’ll likely ask about—“What is Escrow.” This financial arrangement involves a neutral third party holding funds or assets until all terms of a transaction are met. It plays a key role in real estate, ensuring everyone involved feels…

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