Is the Escrow Agent the Same as the Title Agent? | Understanding Escrow Agents

Who is an Escrow agent?​

​​An escrow agent acts as a neutral middleman in a transaction, ensuring both the buyer and seller fulfill their obligations. In deals like purchasing a home, business, or valuable asset, an escrow agent provides a secure way to manage the exchange.

Instead of the buyer paying the seller directly, the buyer deposits the funds with the escrow agent. The agent holds the money securely until both parties meet the agreed-upon terms of the transaction. Once all conditions are satisfied, the agent releases the funds to the seller.

So, the escrow agent is like a referee, making sure everyone plays fair and that the deal happens smoothly. It's a way to make transactions safer and give everyone involved confidence that they'll get what they were promised.

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