Escrow

Business / Construction / Escrow : The handling of funds or documents by a third party on behalf of the buyer and/or seller.

Escrow Agent

Business / Taxes / Escrow Agent: An escrow agent is the person or group that holds certain of your assets in an escrow account while you negotiate the final terms of a contract. For example, if you are buying a home, the escrow agent MORE

Statement Of Information

Business / Real Estate / Statement Of Information: Also called a Statement of Identity. Statements provided to the escrow agent verifying pertinent data identifying the grantor, grantee, or borrower. MORE

Advance Refunding

Business / Finance / Advance Refunding: In the context of municipal bonds, refers to the sale of new bonds (the refunding issue) before the first call date of old bonds (the issue to be refunded). The refunding issue usually specifies a rat MORE

Amendment To The Escrow Instructions

Business / Real Estate / Amendment To The Escrow Instructions: A change to escrow instructions requiring the agreement of both buyer and seller. MORE

Escrow Agent-Officer

Business / Real Estate / Escrow Agent-Officer: An individual qualified to perform all the steps necessary to prepare and carry out escrow instructions. Tasks include obtaining title insurance, securing payoff demands, prorating taxes, interest, re MORE

Escrow Fee

Business / Real Estate / Escrow Fee: A fee covering all the usual escrow services except for title insurance. The fee is normally determined by the amount of money involved in the transaction. MORE

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