Escrow Services

Escrow services act as a trusted third party during a transaction, often used in real estate, online sales, and other agreements. Essentially, the escrow service holds money or assets until all parties meet their contractual obligations. For example, in a home sale, the buyer deposits funds with the escrow company, which then ensures the seller completes necessary paperwork and the property is in order before releasing the payment. This process protects both the buyer and seller, reducing the risk of fraud and ensuring that the deal closes smoothly.