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In this weekly Q&A video, Todd Tremonti explains what an escrow account is, often encountered in real estate transactions. An escrow account is essentially a neutral bank account managed usually by title companies in Texas, where funds are held during the buying or selling process. It commonly holds earnest money, which is a deposit made by the buyer to demonstrate their commitment. The video hints at a separate discussion on earnest money but primarily focuses on the function and importance of escrow accounts in facilitating secure transactions between buyers and sellers.