Escrow Is...

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1. Escrow is a/an depository.

2. Escrow holds

3. Escrow releases it/them upon receipt of instructions of the principals to the transaction.

4. Escrow Agent is a neutral 3rd party.

5. Escrow agent can prepare notes and trust deeds.

6. Escrow can be cancelled verbally by the buyer or seller.

7. Contracts of sale can be prepared by attorneys

8. A principal is defined as

9. Escrow agent can prorate taxes, insurance, association dues and oil in the tank.

10. Escrow agent can _____________

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