Are you interested in placing funds in escrow? In this video, you will learn what escrow is everything you need to know about it. Although the word escrow get used a lot and in many ways, a lot of people don’t know much about it. Simply, an escrow account holds funds managed by third-party companies. There are different reasons why you would want an escrow account, and different ways placing funds in escrow could benefit you.
This video will cover everything you need to know so you can feel confident doing what is best for you.
An important thing to know about escrow accounts is that the funds within them get dictated by a contract, as far as where they go and what is done with them. Funds will often be placed in escrow as a way to avoid buyer versus seller confrontations. These types of accounts are like a neutral holding place for them. If you think an escrow account would benefit you, be sure to watch this video so you can gain the best understanding possible.