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Escrow: What is it & How Does it Work?

If you are in the market of buying a home, you probably hear the word “escrow” in a few different contexts. In today's blog, I will review the meaning and how escrow works.  What is Escrow?  Escrow is a legal arrangement in which a third party temporarily holds money or property until a particular condition has been met (such as the fulfillment of a purchase agre...