Escrow is a system of document transfers in which a deed, bond or funds are delivered to a third person (Escrow) to hold until all conditions in the contract are fulfilled. In other words, Escrow provides one central place where all funds & documents may be deposited.
What is Escrow?
An itemized spreadsheet detailing all debits and credits associated with the closing of the transaction.
Filing documents for public record (and notice) with a registrar (i.e. the County) as required for completion of an Escrow transaction.