Buying a house is the largest financial transaction most of us will ever make. So it's fairly common for a trusted third party to hold onto the money while the deal is completed or other conditions ...

When you obtain a new mortgage or refinance an existing one, the lender may require you to open an escrow account, which is an account he uses to make your property tax and home insurance payments.

People use the escrow process in the international trade, stock market and, most commonly, real estate arenas. Prospective homeowners go through the escrow process when they close on the sale of a ...