1.0Movoto Bloghttps://www.movoto.com/blogMovoto Editorial Teamhttps://www.movoto.com/blog/author/revans/What Is an Escrow Account?rich600338<blockquote class="wp-embedded-content" data-secret="UoVdhO7Bl1"><a href="https://www.movoto.com/blog/ultimate-homebuyers-guide-escrow-account/">What Is an Escrow Account?</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.movoto.com/blog/ultimate-homebuyers-guide-escrow-account/embed/#?secret=UoVdhO7Bl1" width="600" height="338" title="“What Is an Escrow Account?” — Movoto Blog" data-secret="UoVdhO7Bl1" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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You’re going to hear the word “escrow” a lot when you’re buying a home, whether it’s someone referring to an “escrow account” or going “into escrow.” So, what is escrow? Escrow is a general term for anything of value being held by a neutral third party for safekeeping until the conditions of a contract are met. This ensures that in the event that something goes wrong and the deal falls through, the valuables held in escrow are returned to their respective owners. What are escrow accounts used for when I buy a home? Two types of escrow accounts are associated […]https://www.movoto.com/foundation/wp-content/uploads/2016/04/Escrow.jpg