Word Finder - escrow

definition

A written instrument, such as a deed, temporarily deposited with a neutral third party (the escrow agent), by the agreement of two parties to a valid contract. The escrow agent will deliver the document to the benefited party when the conditions of the contract have been met. The depositor has no control over the instrument in escrow.

definition

In common law, escrow applied to the deposits only of instruments for conveyance of land, but it now applies to all instruments so deposited.

definition

Money or other property so deposited is also loosely referred to as escrow.

definition

The state of property deposited with an escrow agent.

definition

To place in escrow.

Dean explained Atherton's recent disappearance and the strange return of the escrow money.

I think he's been tapping the escrow account and that's a giant no-no.

And he ripped off $28,000 from the escrow account!

If Atherton was so broke, where did he get the dough to replace the escrow money he swiped?

We even paid off his stolen escrow account and talked him into backing off Cynthia Byrne.

Sorry I lied to you about the escrow money—there wasn't any point in my doing it but I didn't think fast enough.

The retention of the escrow account signals continued delays and bureaucratic red tape that will hamper the functioning of the economy.

Sorry I lied to you about the escrow money—there wasn't any point in my doing it but I didn't think fast enough.

Your friend consider also buying escrow to come up.

Some states require escrow accounts to be set up during the buying process to be held in readiness for completion of a deal.

Who will pay for the key escrow ` ` service, ' ' probably an agency with dozens of people, including armed guards?

However, I have not advocated mandatory key escrow.

It then attaches to the escrow instance, if any, pointed by second, and increments the new escrow instance, if any, pointed by second, and increments the new escrow's reference count.

These services are designed to protect and manage intellectual property through technology escrow and domain name records management.

Causes a copy of the specified exception to be stored inside the IOU escrow object.

This remains the only benchmark of source code escrow for purchasers, suppliers, escrow agents and compliance assessors.

A recent High Court Case highlights the urgent need for third party escrow agents.

It then attaches to the escrow instance, if any, pointed by second, and increments the new escrow's reference count.

When you put in your bid and it's accepted (i.e. you've signed an offer), you are officially in escrow.

Escrow usually lasts anywhere between 30 and 90 days, so be patient.

These funds go into an escrow account which will pay the taxes as they're due.

Keep in mind that not all mortgage lenders require escrow.

In the event you do not pay escrow as a part of your monthly mortgage payment, you will need to set aside funds to pay your home-related taxes yourself.

These also go into your escrow account, provided your lender requires escrow.

One thing free home mortgage calculators can't tell you is how much you'll be paying into escrow every month.

Escrow payment include insurance and taxes, and most mortgages will require escrow.

You will need to do research on your own to find out about your escrow payment.

Be warned - in some cases, escrow payments can be equal to or greater than the principal and interest payment.

My mortgage company is holding over $30,000.00 in a restricted escrow account since November 2005.

An escrow account should generally not hold such a large amount of money for such a long period of time.

Whether or not the money in the escrow account earns any interest is up to your lender or servicer, but most mortgage companies that do pay interest only pay miniscule amounts.

You should receive a detailed escrow account summary once or twice a year from your mortgage company, and this should detail any interest paid.

I just paid off my residential mortgage and received a refund of my escrow account.

Is there a bank or company that will manage an escrow account for me without a mortgage?

Although I have never heard of any mortgage servicing companies that handle escrow accounts for homeowners without mortgages, this does not mean that they don't exist.

If your escrow account in the past also paid for your homeowners insurance you should contact your insurer and find out if you can have an automatic deduction from your bank account for the policy.

Hello, Citimorgage just increased my Escrow account payments by $500.

If your homeowners insurance policy rate has increased, and your escrow account covers this too, then this might have a hand in the higher payment.

Some lenders insist on paying homeowners insurance and taxes through escrow and do not allow borrowers to do it themselves without paying hefty fees.

Customers can also sign up for periodic updates regarding escrow information and other announcements straight from National City Mortgage.

Mortgage servicing companies deal with escrow accounts and customer service issues, and oftentimes bundle up mortgages and sell them to other mortgage servicing companies.

There are plenty of other factors to consider when deciding whether or not to choose a fixed interest rate on mortgage with escrow.

When discussing mortgage terms, escrow generally refers to the account which holds the funds which are used to pay real estate taxes and homeowners insurance, or perhaps one but not the other.

Some lenders use escrow as a method by which to collect excess funds without needing to pay interest on the money, but the majority of lenders utilize escrow in a responsible manner.

On the other hand, many lenders either do not offer the option at all and require an escrow account, or instead charge a fee for waiving the escrow requirement.

You have further options beyond fixed rate versus adjustable and escrow or no escrow.

This is because taxes and insurance charges can change each year, and your escrow payment will follow suit.

Property taxes - Your lender may require you to deposit a specific amount into an escrow account each month to cover your annual or semi-annual property tax bill.

The table includes a row for each payment with columns in the schedule reflecting how the payment is allocated across the principal, interest and escrow components.

Prospective buyers also can determine the property tax amount - the largest part of the escrow payment - by checking with their real estate agent or the county property tax assessor before buying.