Life Style / Time Shares / Escrow: An account specifically for the purpose of holding funds from a timeshare buyer and a seller. A third-party presence overseeing transfer of funds can guarantee a degree of security during the timeshare sale closing process.
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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
Business / Real Estate / Escrow Instructions: In a sales transaction, a writing signed by buyer and seller that details the procedures necessary to close a transaction and directs the escrow agent how to proceed. Sometimes the buyer and seller ex MORE
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
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
Business / Real Estate / Final Escrow Instructions: Statements prepared by the escrow agent which reflect the final figures and instructions required to close escrow. MORE
Business / Real Estate / Canceling Escrow: Providing written notification that an escrow is to be terminated, must be done by mutual consent of all parties to the escrow and in accordance with governing agreements. MORE