escrow agent

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escrow agent

n. a person or entity holding documents and funds in a transfer of real property, acting for both parties pursuant to instructions. Typically the agent is a person (commonly an attorney), escrow company or title company, depending on local practice. (See: escrow)

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References in periodicals archive ?
Then again -- and this evidently applies to where you live now -- the same legal steps may be handled by escrow agents, title companies or even county recorders in other locations.
"Some channel sharing agreements require parties to enter into agreements with escrow agents or qualified intermediaries ("QIs") for receipt of auction proceeds in a 1031 like-kind exchange," Rosenthal says.
The Department of Municipal Affairs said, "As a pioneer in the real estate escrow industry, we are glad to have ADCB register as the first escrow agents with us.
Capital One Bank announced it has launched Capital One Escrow Express, a self-service, digital tool that allows escrow agents to manage escrow and tenant security accounts online.
And 30 percent found out about closing costs from their escrow agents.
Title365 serves residential real estate brokers, mortgage and financial institutions, asset managers and independent escrow agents. The company, with a staff of over 400 people, is based on Newport Beach, California.
The bureau also wants to hear from realty professionals, lenders, title insurance and escrow agents, attorneys and others who play roles in closings on homes -- the people who produce, bless and witness the signings of mounds and pounds of paper associated with the settling of America's home transactions.
But I did get an answer from Scotland Yard when I asked whether they recommended escrow agents.
E&O insurance offered for: Accountants, advertising agencies or public relations agencies, beauticians/cosmetologists, clergy, collection agencies, consultants, other, employee leasing companies, employment agencies, escrow agents, funeral directors, health club operators, information technology professionals, media professionals (publishers, broadcasters, etc.), mortgage brokers, outfitters and guides, pest control exterminators/advisers, printers, property managers, real estate agents, real estate appraisers, tax preparers, title agents, transportation specialists (freight forwarders, shippers, etc.), travel agents, veterinarians, interior decorators or designers.
The equity and debt financing closed in escrow on May 20, 2011 and the escrow agents have been given approval to release the funds and make the agreed payments directly to certain secured creditors.
The law essentially states that all developers must obtain approval from the Land Department to open an escrow account (or escrow accounts) in connection with any off-plan sales for a development which must be managed by financial or banking institutions approved by the Land Department (called "Escrow Agents").