The struggle to handle Escrow Agreement Template can consume your time and overwhelm you. But no more - DocHub is here to take the effort out of modifying and completing your papers. You can forget about spending hours editing, signing, and organizing paperwork and worrying about data security. Our platform offers industry-leading data protection procedures, so you don’t need to think twice about trusting us with your privat information.
DocHub supports various file formats and is accessible across multiple systems.
[Applause] [Music] hey folks Todd Tremonti here with market experts Realty in the Tatra Monty home selling team with another weekly QA video this week our question is what is an escrow account now this word escrow gets used a lot throughout a purchase or sale or even an investment transaction and it can be used in a few different ways today were going to focus on this idea of an escrow account and Ill give you a little bit of context around kind of when that would be used and why but the short answer to the question is an escrow account is a bank account that holds funds in sort of a neutral third party type situation in Texas most escrow accounts are really managed through title companies in a residential transaction and its where money like earnest money would be held now we have another video on what is earnest money so I wont get into that too much but its money thats being held kind of in between the buyer and the seller and and those funds whats done with them is dictated