Neal Buckner, Broker/Owner
Elite Real Estate Pros 502 E Cottonwood Ln, Ste 11 Casa Grande, AZ 85122 Office (520) 836-6325 Cell (520) 280-2766 Fax (520) 374-2525 Email info@EliteRealEstatePros.com
Wednesday, March 30, 2011
Real Estate Word of the Day
escrow: An item of value, money, or documents deposited with a third party to be delivered upon the fulfillment of a condition. For example, the deposit by a borrower with the lender of funds to pay taxes and insurance premiums when they become due, or the deposit of funds or documents with an attorney or escrow agent to be disbursed upon the closing of a sale of real estate.
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