In Escrow

What does 'In Escrow' mean

In escrow is an item such as money or a piece of property that has been transferred to a third party with the intentions of delivery to a grantee as part of a binding agreement. Valuables in escrow are delivered, generally by an escrow agent, to a grantee upon satisfaction of outlined terms.

BREAKING DOWN 'In Escrow'

Escrowed items are most commonly found in real estate transactions. Property, cash and the title to the property are often held in escrow until all specified conditions are met, and transfer of ownership can occur. Lawyers will most commonly act as escrow agents in such situations.

RELATED TERMS
  1. Escrow Agreement

    A legal documents that outlines the terms and conditions between ...
  2. Escrow Agent

    An entity that has fiduciary responsibilities in the transfer ...
  3. Escrow

    A financial instrument held by a third party on behalf of the ...
  4. Escrowed Shares

    Shares held in an escrow account and in most cases cannot be ...
  5. Third Party

    An individual or entity that is involved in a transaction but ...
  6. Grant Deed

    A legal document used to transfer ownership of real property. ...
Related Articles
  1. Home & Auto

    How Many Months Of Taxes Do You Need In An Escrow Account?

    Discvover how many months of taxes you need in an escrow account, and how you'll need to fund the account at closing.
  2. Credit & Loans

    Buying A Home: Go Through The Escrow Process

    By Amy FontinelleOnce you're in escrow, you're in the home stretch, but what a long stretch it is. The days until you get the keys to your new home can't go by quickly enough, yet ...
  3. Home & Auto

    12 Steps To Closing A Real Estate Deal

    Before that new house officially becomes yours, there’s a long list of things you’ll need to accomplish during the closing process.
  4. Insurance

    10 Hurdles To Closing On A New Home

    It's the biggest purchase of your life - find out what can go wrong before you even close the deal.
  5. Home & Auto

    Understanding Property Deeds

    We help you figure out the terminology and types of deeds, and how to make it legal.
  6. Active Trading

    Trade Properties To Keep The Taxman At Bay

    Like-kind exchanges can mean a much lower tax bill on real estate for savvy investors.
  7. Home & Auto

    Why You Don't Need A Real Estate Agent

    While there are times when a real estate agent earns the commission, there are other times when you can do it yourself.
  8. Home & Auto

    How To Keep Costs Low When Refinancing Your Home

    With interest rates still being relatively low, now is a great time to capitalize on refinancing your home. Be aware of what fees are involved in a refinance, and how to keep these costs low.
  9. Home & Auto

    Purchasing A Short-Sale Property

    If you are looking for a good deal and have time to wait, a short-sale house may be for you.
  10. Home & Auto

    7 Must-Have Real Estate Contract Conditions

    It's a good idea to educate yourself on the not-so-obvious parts of a real estate contract.
RELATED FAQS
  1. Do mortgage escrow accounts earn interest?

    Paying down monthly mortgage escrow accounts? Will you receive any interest on this payment? If you are, should you put more ... Read Answer >>
  2. Do FHA loans require escrow accounts?

    Understand how FHA mortgages require escrow accounts for property taxes, homeowners insurance and mortgage insurance premiums ... Read Answer >>
  3. Do real estate agents get paid hourly or by salary?

    Learn about real estate commissions and how real estate agents, including listing agents, buyer's agents and real estate ... Read Answer >>
  4. How can I tell when a real estate agent might be lying to me?

    Find out what real estate agents are likely to lie about, the reasons for the lies and how to protect yourself from unscrupulous ... Read Answer >>
  5. When should a real estate broker release earnest money deposit funds?

    Find out when and under what circumstances a real estate broker is allowed to release the earnest money deposit in a real ... Read Answer >>
  6. How do real estate agents market themselves?

    Find an agent by checking popular real estate circulars featuring desirable neighborhoods and call the agent to ask questions ... Read Answer >>
Hot Definitions
  1. White Squire

    Very similar to a "white knight", but instead of purchasing a majority interest, the squire purchases a lesser interest in ...
  2. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  3. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  4. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
  5. Weighted Average Cost Of Capital - WACC

    Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is ...
  6. Basis Point (BPS)

    A unit that is equal to 1/100th of 1%, and is used to denote the change in a financial instrument. The basis point is commonly ...
Trading Center