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  • What is an ESCROW DEPOSIT?

    Tuesday, December 12, 2017   /   by Kristin And Mark Stampini

    What is an ESCROW DEPOSIT?

    When buying or selling a home what is this item called an escrow deposit?

    Whenever a buyer makes on offer to purchase a home one of the line items is an escrow deposit to made in say 1 day or 3 days etc...
    This is the buyer's putting some money to be held in a third party escrow account.

    A sort of good faith as the contract moves forward.

    The amounts can very based on each situation.

    Mark Stampini