Escrow

What is Escrow?

In a real estate closing, the holding of the down payment money by the broker until closing. This can refer to holding a deed or other document in escrow, or other funds relating to the transaction, for eventual payment to a creditor or one of the parties. The broker or an attorney for a buyer or seller may hold the funds or documents in escrow.

Further Reading

For more detailed information, see our related Real Property terms:

• Down payment
• Real Estate Broker
• Closing costs

Reviewed by

Stephanie Bagnall

Licensed Attorney and Legal Researcher

Stephanie Bagnall is a Georgia-licensed attorney and legal researcher with experience in accessibility law, compliance, employment law, and legal writing. She helps develop and review BarPrepHero's Legal Terms content for clarity, accuracy, and usefulness to bar exam students.

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