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What is meant by an "Escrow" Account?

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What is meant by an "Escrow" Account?

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  1. Check out

    https://www.escrow.com/index.asp

    It has all the answers.


  2. A trust account held in the borrower's name to pay obligations such as property taxes and insurance premiums.

  3. The use of a third party for delivery after the fulfillment of a condition.
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